Wayne County, West Virginia Housing Market Prices
Wayne County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 4% above the West Virginia median$98,860
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Median rent 5% above the West Virginia median More expensive than 89% of counties in West Virginia$915
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wayne County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,860 | $94,699 | $248,835 |
| Price Trend (Annual %) | 7.0% | 1.7% | 7.5% |
| Median Gross Rent | $915 | $871 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wayne County is about 4% higher than in West Virginia. Rent is about 5% higher than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Wayne County, up about 7.0% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Wayne County rose about 55.6% between 2015 and 2024, from $588 to $915. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Wayne County.
Buying the median-priced home in Wayne County costs roughly 9.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wayne County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Wayne County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,860 | $94,699 | $248,835 |
| Median Household Income | $59,127 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wayne County rose about 72.7%, while median household income rose about 56.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wayne County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 63.3% | 58.5% |
| Rental Rate | 18.5% | 21.3% | 31.2% |
| Vacancy Rate | 13.7% | 15.4% | 10.2% |
| Median Tenure (years) | 17.0 | 18.0 | 15.0 |
| Median Year Moved In | 2009 | 2008 | 2011 |
Wayne County has a homeownership rate of 67.8%, higher than the West Virginia average of 63.3%. Its housing vacancy rate is 13.7%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Wayne County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1973 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Wayne County was built around 1973. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Wayne County, WV Housing Compared With Nearby Counties
Wayne County, WV is the 3rd largest of the 4 counties compared here, 38,164 residents against a local median of 47,914. Where Wayne County, WV breaks from the counties next to it is median home price, sitting 79% above the local median of $55,124 at $98,860.
The counties themselves spread $91,573 on median home price, so Wayne County, WV sits at one end of an already wide local range rather than apart from it. Wayne County, WV has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wayne County, WV | 38,164 | $98,860 #2/4 | $915 #2/4 | 78.6% #2/4 |
| Cabell County, WV | 92,739 | $55,124 | $923 | 64.2% |
| Boyd County, KY | 47,914 | $110,938 | $849 | 70.2% |
| Martin County, KY | 11,027 | $19,365 | $450 | 84.9% |
Frequently Asked Questions
Common questions about the housing market in Wayne County, West Virginia.
What is the median home price in Wayne County, West Virginia?
The median home price in Wayne County, West Virginia is $98,860, higher than the West Virginia average of $94,699.
What is the average home price in Wayne County, West Virginia?
The typical home price in Wayne County, West Virginia, reported as the median sale price, is $98,860. 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 Wayne County, West Virginia?
The median gross rent in Wayne County, West Virginia is $915 per month, higher than the West Virginia average of $871.
What was the median gross rent in Wayne County in 2020?
In 2020, the median gross rent in Wayne County, West Virginia was $702 per month.
What is the price-to-rent ratio in Wayne County, West Virginia?
The price-to-rent ratio in Wayne County, West Virginia is about 9.0, meaning it would take roughly 9.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wayne County.
Are home prices or rent rising faster in Wayne County, West Virginia?
Both home prices and rent are rising in Wayne County, up about 7.0% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wayne County, West Virginia?
67.8% of households in Wayne County, West Virginia own their home, higher than the West Virginia average of 63.3%.
What is the vacancy rate in Wayne County, West Virginia?
The housing vacancy rate in Wayne County, West Virginia is 13.7%, lower than the West Virginia average of 15.4%.
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