Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lewisburg, West Virginia.
Median Home Price
$215K
Population
4K
Avg Monthly Rent
$920
Property Tax Rate
0.58% *
* Property tax shown is the West Virginia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Lewisburg.
Lewisburg vs West Virginia Median
The median home price in Lewisburg is $215,000, which is 39% above the West Virginia state median of $155,000.
Mortgage Calculator — Lewisburg, WV
Pre-filled with Lewisburg median home price and West Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using West Virginia's 0.58% tax rate and $1,400/yr insurance.
5% Down
$1,631/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $104
Insurance: $117
PMI: $119
10% Down
$1,557/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $104
Insurance: $117
PMI: $113
20% Down (No PMI)
$1,308/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $104
Insurance: $117
Income needed (28% rule): $56K/year with 20% down, $67K/year with 10% down.
Rent vs Buy in Lewisburg
Rent
$920/mo
vs
Buy (10% down)
$1,557/mo
Price-to-rent ratio: 19.5 — A ratio between 15-20 means the rent vs buy decision in Lewisburg depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Lewisburg is $215,000, 39% above the West Virginia state median of $155,000. With a population of 3,830, Lewisburg is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in West Virginia average 0.58% annually. This low property tax rate is a significant advantage for Lewisburg buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in West Virginia runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Lewisburg is $920/month. The price-to-rent ratio in Lewisburg is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Lewisburg offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with West Virginia's WVHDF Homeownership Program program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lewisburg.