Income needed to buy a home
Putnam County, WV
$82,028
a year in household income to buy the typical Putnam County home with 10% down.
The monthly math
Typical home value$252,041
Down payment (10%)$25,204
Loan$226,837
Principal and interest (7.40%)$1,571/mo
Property tax (0.58% a year)$123/mo
Homeowners insurance (estimate)$126/mo
Mortgage insurance$95/mo
Total monthly cost$1,914/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $79,527 a year, 97% of what it takes.
In West Virginia
Putnam County ranks #50 of 55 for the income a home takes, from least to most.
Easiest to afford in West Virginia
| County | Typical home | Income needed |
|---|---|---|
| McDowell County | $42,866 | $13,660 |
| Wyoming County | $67,542 | $21,475 |
| Mingo County | $77,706 | $24,785 |
| Webster County | $85,392 | $26,943 |
| Boone County | $95,486 | $30,834 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.