Most affordable cities to own a home in West Virginia

CLARKSBURG, W.Va. – The cost of acquiring and also possessing a residence has actually enhanced considerably as a result of rising cost of living. According to Stacker, the cost of a residence in Clarksburg has actually enhanced by over 9% in the previous year. However regardless of the boost, Clarksburg stays among one of the most budget friendly locations to purchase and also possess a residence in West Virginia.

According to Smart Property, a monetary info site, one of the most budget friendly location to possess a residence is based upon a number of variables such as earnings contrasted to the price of home loan, insurance coverage and also tax obligations. The ordinary percent of earnings invested in real estate expenses mores than 13.4% in West Virginia.

Right here is a listing of the leading 10 cities in West Virginia where it is most budget friendly to possess a residence. Just puts with over 5,000 individuals are consisted of in the position which is why several of the locations listed here have yearly expenses that are greater than the West Virginia ordinary earnings percent.

10. Cross Lanes

• Mean earnings – $67,010
• Yearly real estate tax – $920
• Yearly house owners insurance coverage – $1,145
• Typical yearly home loan settlement – $5,795
• Complete yearly price percent of annual earnings – 13.1%
• Typical closing expenses – $2,355

9. Vienna

• Mean earnings – $55,562
• Yearly real estate tax – $957
• Yearly house owners insurance coverage – $1,114
• Typical yearly home loan settlement – $5,636
• Complete yearly price percent of annual earnings – 13.9% (Over WV standard)
• Typical closing expenses – $2,881

8. Nitro

• Mean earnings – $41,076
• Yearly real estate tax – $771
• Yearly house owners insurance coverage – $809
• Typical yearly home loan settlement – $4,090
• Complete yearly price percent of annual earnings – 13.8% (Over WV standard)
• Typical closing expenses – $2,895

7. Grafton

• Mean earnings – $36,951
• Yearly real estate tax – $458
• Yearly house owners insurance coverage – $648
• Typical yearly home loan settlement – $3,280
• Complete yearly price percent of annual earnings – 11.9%
• Typical closing expenses – $2,573

6. Dunbar

• Mean earnings – $44,009
• Yearly real estate tax – $789
• Yearly house owners insurance coverage – $813
• Typical yearly home loan settlement – $4,111
• Complete yearly price percent of annual earnings – 13%
• Typical closing expenses – $2,833

5. St. Albans

• Mean earnings – $50,755
• Yearly real estate tax – $833
• Yearly house owners insurance coverage – $936
• Typical yearly home loan settlement – $4,734
• Complete yearly price percent of annual earnings – 12.8%
• Typical closing expenses – $2,254

4. New Martinsville

• Mean earnings – $43,953
• Yearly real estate tax – $647
• Yearly house owners insurance coverage – $793
• Typical yearly home loan settlement – $4,011
• Complete yearly price percent of annual earnings – 12.4%
• Typical closing expenses – $2,875

3. Princeton

• Mean earnings – $42,025
• Yearly real estate tax – $500
• Yearly house owners insurance coverage – $774
• Typical yearly home loan settlement – $3,915
• Complete yearly price percent of annual earnings – 12.3%
• Typical closing expenses – $2,771

2. Clarksburg

• Mean earnings – $43,510
• Yearly real estate tax – $666
• Yearly house owners insurance coverage – $712
• Typical yearly home loan settlement – $3,601
• Complete yearly price percent of annual earnings – 11.4%
• Typical closing expenses – $2,709

1. Weirton

• Mean earnings – $49,496
• Yearly real estate tax – $691
• Yearly house owners insurance coverage – $783
• Typical yearly home loan settlement – $3,961
• Complete yearly price percent of annual earnings – 11%
• Typical closing expenses – $2,829