Wheeling, West Virginia Housing Market Prices
Wheeling 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 31% below the West Virginia median$65,658
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Median rent 8% below the West Virginia median$803
Housing Market Overview
| Metric | Wheeling | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,658 | $94,699 | $248,835 |
| Price Trend (Annual %) | -1.0% | 1.7% | 7.5% |
| Median Gross Rent | $803 | $871 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wheeling is about 31% lower than in West Virginia. Rent is about 8% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Wheeling: home prices fell about 1.0% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
Median rent in Wheeling rose about 45.4% between 2015 and 2024, from $552 to $803. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Wheeling.
Buying the median-priced home in Wheeling costs roughly 6.8 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 Wheeling. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Wheeling | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,658 | $94,699 | $248,835 |
| Median Household Income | $47,354 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wheeling rose about 5.4%, while median household income rose about 42.9% between 2009 and 2025 — 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 | Wheeling | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.3% | 63.3% | 58.5% |
| Rental Rate | 35.8% | 21.3% | 31.2% |
| Vacancy Rate | 14.9% | 15.4% | 10.2% |
| Median Tenure (years) | 16.0 | 18.0 | 15.0 |
| Median Year Moved In | 2010 | 2008 | 2011 |
Wheeling has a homeownership rate of 49.3%, lower than the West Virginia average of 63.3%. Its housing vacancy rate is 14.9%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Wheeling | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.03 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1949 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Wheeling was built around 1949. On average, 2.0 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wheeling, West Virginia.
What is the median home price in Wheeling, West Virginia?
The median home price in Wheeling, West Virginia is $65,658, lower than the West Virginia average of $94,699.
What is the average home price in Wheeling, West Virginia?
The typical home price in Wheeling, West Virginia, reported as the median sale price, is $65,658. 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 Wheeling, West Virginia?
The median gross rent in Wheeling, West Virginia is $803 per month, lower than the West Virginia average of $871.
What was the median gross rent in Wheeling in 2020?
In 2020, the median gross rent in Wheeling, West Virginia was $631 per month.
What is the price-to-rent ratio in Wheeling, West Virginia?
The price-to-rent ratio in Wheeling, West Virginia is about 6.8, meaning it would take roughly 6.8 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 Wheeling.
Are home prices or rent rising faster in Wheeling, West Virginia?
Home prices and rent are moving in opposite directions in Wheeling: home prices fell about 1.0% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Wheeling, West Virginia?
49.3% of households in Wheeling, West Virginia own their home, lower than the West Virginia average of 63.3%.
What is the vacancy rate in Wheeling, West Virginia?
The housing vacancy rate in Wheeling, West Virginia is 14.9%, lower than the West Virginia average of 15.4%.
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