Mortgage payment estimates, closing cost breakdowns, and homebuying data for Wheeling, West Virginia.
Median Home Price
$105K
Population
27K
Avg Monthly Rent
$720
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 Wheeling.
Wheeling vs West Virginia Median
The median home price in Wheeling is $105,000, which is 32% below the West Virginia state median of $155,000.
Mortgage Calculator — Wheeling, WV
Pre-filled with Wheeling median home price and West Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $105K home using West Virginia's 0.58% tax rate and $1,400/yr insurance.
5% Down
$856/mo
Down: $5,250
Loan: $100K
P&I: $630
Tax: $51
Insurance: $117
PMI: $58
10% Down
$820/mo
Down: $10,500
Loan: $95K
P&I: $597
Tax: $51
Insurance: $117
PMI: $55
20% Down (No PMI)
$698/mo
Down: $21,000
Loan: $84K
P&I: $531
Tax: $51
Insurance: $117
Income needed (28% rule): $30K/year with 20% down, $35K/year with 10% down.
Rent vs Buy in Wheeling
Rent
$720/mo
vs
Buy (10% down)
$820/mo
Price-to-rent ratio: 12.2 — With a ratio under 15, buying in Wheeling is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $100 more than renting, but you build equity with every payment.
The median home price in Wheeling is $105,000, 32% below the West Virginia state median of $155,000. With a population of 26,771, Wheeling is a smaller market where home prices tend to be more accessible than in many parts of West Virginia.
Property taxes in West Virginia average 0.58% annually. This low property tax rate is a significant advantage for Wheeling 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 Wheeling is $720/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Wheeling over the long term.
Wheeling 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 Wheeling.