Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tyler County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,884 | $94,066 | $242,182 |
| Price Trend (Annual %) | 3.8% | 1.9% | 8.2% |
| Median Gross Rent | $707 | $849 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tyler County is about 36% higher than in West Virginia. Rent is about 17% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Tyler County, up about 3.8% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Tyler County rose about 27.1% between 2015 and 2023, from $556 to $707. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Tyler County.
Buying the median-priced home in Tyler County costs roughly 15.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tyler County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Tyler County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,884 | $94,066 | $242,182 |
| Median Household Income | $58,132 | $57,886 | $78,145 |
| Price-to-Income Ratio | 2.2 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tyler County rose about 32.7%, while median household income rose about 73.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tyler County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 62.4% | 58.2% |
| Rental Rate | 10.1% | 21.6% | 31.3% |
| Vacancy Rate | 24.0% | 16.1% | 10.6% |
| Median Tenure (years) | 24.0 | 18.0 | 15.0 |
| Median Year Moved In | 2002 | 2008 | 2011 |
Tyler County has a homeownership rate of 66.0%, higher than the West Virginia average of 62.4%. Its housing vacancy rate is 24.0%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Tyler County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1969 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Tyler County was built around 1969. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 24.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tyler County, West Virginia.
What is the median home price in Tyler County, West Virginia?
The median home price in Tyler County, West Virginia is $127,885, higher than the West Virginia average of $94,066.
What is the average home price in Tyler County, West Virginia?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Tyler County, West Virginia?
The median gross rent in Tyler County, West Virginia is $707 per month, lower than the West Virginia average of $849.
What was the median gross rent in Tyler County in 2020?
In 2020, the median gross rent in Tyler County, West Virginia was $651 per month.
What is the price-to-rent ratio in Tyler County, West Virginia?
The price-to-rent ratio in Tyler County, West Virginia is about 15.1, meaning it would take roughly 15.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tyler County.
Are home prices or rent rising faster in Tyler County, West Virginia?
Both home prices and rent are rising in Tyler County, up about 3.8% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tyler County, West Virginia?
66.0% of households in Tyler County, West Virginia own their home, higher than the West Virginia average of 62.4%.
What is the vacancy rate in Tyler County, West Virginia?
The housing vacancy rate in Tyler County, West Virginia is 24.0%, higher than the West Virginia average of 16.1%.