How Much Does It Cost to Buy a House in West Virginia?

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By Kristy Snyder Updated December 3, 2022


Costs to buy a house in West Virginia | West Virginia closing costs | West Virginia house buying calculator | Homeownership costs | How to save when buying a home in West Virginia

The average home buyer in West Virginia spends between $13,731 and $44,791 when purchasing a $144,640 home — the state median value.

Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership.

Luckily, Clever Real Estate can help make buying a home more affordable. Working with a Clever agent means you'll not only get great service from start to finish, but you could also be eligible for up to 0.5% cash back after closing. That's about $723 back on an average-priced home in West Virginia!

💰Buying a home is expensive💰

Put money back in your pocket with Clever Cash Back. Clever will connect you with a top, local agent and send you a check after closing.

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Average cost to buy a house in West Virginia

Expense Amount
Earnest money deposit (1-3%) $1,446 to $4,339
Down payment (3.5-20%) $5,062 to $28,928
Cash reserves $1,323 to $1,984
Closing costs (2.85%) $4,125
Inspection $249
Appraisal $275
Moving $1,250 to $4,890
Total $13,731 to $44,791
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Buyer closing costs in West Virginia

While the other costs to buy a house in West Virginia are pretty transparent, West Virginia closing costs are a bit more nuanced. They're actually a series of smaller costs lumped together into one total. Here's a breakdown of all of the West Virginia closing costs you'll likely pay when buying a home.

Closing cost Amount
Closing fee $145
Recording fee $48
Title service fees $500
Origination fee $723
Underwriting fee $600
Discount points $1,157 per point
Lender's title insurance $100
Owner's title insurance $852
Prorated property tax Varies
Transfer tax Typically paid by seller
Total $4,125
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Keep in mind, closing costs are often negotiable. However, to win the negotiation battle, you'll need a great agent who can work out a deal with the seller. Clever can match you with a top agent in your area that can get the seller to shoulder more of the above costs.

Contact us at Clever for top agent recommendations.

Cost to buy a house in West Virginia calculator

Ongoing costs of homeownership in West Virginia

Unfortunately, the cost to buy a house is just the beginning. After closing, you'll officially own the home and begin paying for the ongoing costs of homeownership.

Besides the expenses outlined above, you'll also want to consider private mortgage insurance (PMI) and homeowner's association (HOA) fees.

  • If you pay less than 20% as a down payment on your house, you'll probably have to pay PMI monthly until you get to 20% equity. For the average West Virginia homeowner, this is between $63 to $213 a month.
  • Some neighborhoods have HOA fees for the care and maintenance of common areas. The national average is around $250 per month.

» MORE: The true cost of homeownership

Top ways to save money when buying a house in West Virginia

1. Look into better financing options

Paying off debts and getting your credit in the best shape possible before applying for a loan will help you get a better interest rate, which will lower your monthly payments for the life of the loan.

You can also shop around to compare lenders so you get the lowest fees and interest rates available. It may be a good idea to enlist the help of a mortgage broker if you're not sure how to go about vetting lenders.

2. Participate in home buyer programs West Virginia

The West Virginia Housing Development fund offers a number of programs to help make purchasing a home easier for home buyers in the state. These range from favorable loan options to down payment and closing cost assistance — provided that your household income is within the provided eligibility range.

You may also approach the non-profit Habitat for Humanity, which helps low-income buyers afford a home in exchange for acts of volunteerism and construction work. Otherwise, the USDA’s Single Family Housing Direct Home Loan may be an option if you’re buying a house in an eligible rural area.

» MORE: First-time home buyer programs everyone should know about

3. Partner with an expert agent

Some real estate companies, like Clever, offer home buyers a percentage of their home's price back after the sale finalizes.

That means if you work with a Clever agent, you'll not only get the expertise that helps you get the best deal possible — you could also get up to 0.5% of your home price back after closing!

Find your agent through Clever, qualify for cash back!

Clever matches you with top local agents so you can compare options and choose the best fit. And eligible buyers can get cash back after closing.

Fill out the form below and get started now. Clever's service is 100% free with no obligation.

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