Wood County, West Virginia Housing Market Prices
Wood 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 7% below the West Virginia median$88,233
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Median rent 6% below the West Virginia median$822
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wood County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,233 | $94,699 | $248,835 |
| Price Trend (Annual %) | -3.2% | 1.7% | 7.5% |
| Median Gross Rent | $822 | $871 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wood County is about 7% lower than in West Virginia. Rent is about 6% 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 Wood County: home prices fell about 3.2% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Wood County rose about 32.4% between 2015 and 2024, from $621 to $822. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Wood County.
Buying the median-priced home in Wood County costs roughly 8.9 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 Wood County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Wood County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,233 | $94,699 | $248,835 |
| Median Household Income | $58,016 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wood County fell about 4.4%, while median household income rose about 40.2% 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 | Wood County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 63.3% | 58.5% |
| Rental Rate | 22.2% | 21.3% | 31.2% |
| Vacancy Rate | 11.0% | 15.4% | 10.2% |
| Median Tenure (years) | 17.0 | 18.0 | 15.0 |
| Median Year Moved In | 2009 | 2008 | 2011 |
Wood County has a homeownership rate of 66.8%, higher than the West Virginia average of 63.3%. Its housing vacancy rate is 11.0%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Wood County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Wood County was built around 1968. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Wood County, WV Housing Compared With Nearby Counties
How Wood County, WV compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wood County, WV | 83,389 | $88,233 #3/3 | $822 #2/3 | 75.1% #3/3 |
| Washington County, OH | 58,978 | $222,802 | $852 | 75.4% |
| Jackson County, WV | 27,705 | $257,954 | $716 | 78.6% |
Frequently Asked Questions
Common questions about the housing market in Wood County, West Virginia.
What is the median home price in Wood County, West Virginia?
The median home price in Wood County, West Virginia is $88,233, lower than the West Virginia average of $94,699.
What is the average home price in Wood County, West Virginia?
The typical home price in Wood County, West Virginia, reported as the median sale price, is $88,233. 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 Wood County, West Virginia?
The median gross rent in Wood County, West Virginia is $822 per month, lower than the West Virginia average of $871.
What was the median gross rent in Wood County in 2020?
In 2020, the median gross rent in Wood County, West Virginia was $715 per month.
What is the price-to-rent ratio in Wood County, West Virginia?
The price-to-rent ratio in Wood County, West Virginia is about 8.9, meaning it would take roughly 8.9 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 Wood County.
Are home prices or rent rising faster in Wood County, West Virginia?
Home prices and rent are moving in opposite directions in Wood County: home prices fell about 3.2% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Wood County, West Virginia?
66.8% of households in Wood County, West Virginia own their home, higher than the West Virginia average of 63.3%.
What is the vacancy rate in Wood County, West Virginia?
The housing vacancy rate in Wood County, West Virginia is 11.0%, lower than the West Virginia average of 15.4%.
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