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 | Wirt County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,500 | $94,066 | $242,182 |
| Price Trend (Annual %) | -15.7% | 1.9% | 8.2% |
| Median Gross Rent | $574 | $849 | $1,342 |
| Rent Trend (Annual %) | 0.2% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wirt County is about 60% lower than in West Virginia. Rent is about 32% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Wirt County: home prices fell about 15.7% a year while rent rose about 0.2% a year. That is an unusual pattern worth watching.
Median rent in Wirt County rose about 16.4% between 2015 and 2023, from $494 to $574. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Wirt County.
Buying the median-priced home in Wirt County costs roughly 5.4 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 Wirt County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Wirt County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,500 | $94,066 | $242,182 |
| Median Household Income | $52,988 | $57,886 | $78,145 |
| Price-to-Income Ratio | 0.7 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Wirt County fell about 78.6%, while median household income rose about 58.6% 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 | Wirt County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 62.4% | 58.2% |
| Rental Rate | 10.4% | 21.6% | 31.3% |
| Vacancy Rate | 23.9% | 16.1% | 10.6% |
| Median Tenure (years) | 20.0 | 18.0 | 15.0 |
| Median Year Moved In | 2006 | 2008 | 2011 |
Wirt County has a homeownership rate of 65.6%, higher than the West Virginia average of 62.4%. Its housing vacancy rate is 23.9%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Wirt County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1982 | 1974 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Wirt County was built around 1982. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wirt County, West Virginia.
What is the median home price in Wirt County, West Virginia?
The median home price in Wirt County, West Virginia is $37,500, lower than the West Virginia average of $94,066.
What is the average home price in Wirt 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 Wirt County, West Virginia?
The median gross rent in Wirt County, West Virginia is $574 per month, lower than the West Virginia average of $849.
What was the median gross rent in Wirt County in 2020?
In 2020, the median gross rent in Wirt County, West Virginia was $437 per month.
What is the price-to-rent ratio in Wirt County, West Virginia?
The price-to-rent ratio in Wirt County, West Virginia is about 5.4, meaning it would take roughly 5.4 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 Wirt County.
Are home prices or rent rising faster in Wirt County, West Virginia?
Home prices and rent are moving in opposite directions in Wirt County: home prices fell about 15.7% a year while rent rose about 0.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Wirt County, West Virginia?
65.6% of households in Wirt County, West Virginia own their home, higher than the West Virginia average of 62.4%.
What is the vacancy rate in Wirt County, West Virginia?
The housing vacancy rate in Wirt County, West Virginia is 23.9%, higher than the West Virginia average of 16.1%.