Income needed to buy a home
Wood County, WV
$57,191
a year in household income to buy the typical Wood County home with 10% down.
The monthly math
Typical home value$176,482
Down payment (10%)$17,648
Loan$158,834
Principal and interest (7.40%)$1,100/mo
Property tax (0.55% a year)$80/mo
Homeowners insurance (estimate)$88/mo
Mortgage insurance$66/mo
Total monthly cost$1,334/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 $57,810 a year, 1% more than it takes.
In West Virginia
Wood County ranks #39 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.