Zillow Wv Homes (2024)

FAQs

Why is it so cheap to live in West Virginia? ›

Tax Benefits: West Virginia has a five-bracket state income tax system with rates ranging from 2.36% to 5.12%. Affordable Transportation: Transportation in cities mentioned in this blog is up to 30% lower than the national average. Cheaper Rentals: The rent prices of these cities are lower than the national average.

The Zestimate's accuracy depends on the availability of data in a home's area. Some areas have more detailed home information available — such as square footage and number of bedrooms or bathrooms — and others do not. The more data available, the more accurate the Zestimate value will be.

At the top, West Virginia is the least expensive state to own a home as of March 2023 with house prices averaging at about $146,578, which is 57% less than the national average of $338,649.

Population Decline: From 2021 to 2022, West Virginia experienced the fourth-highest population decline by percentage in the nation. Economics: Even before the pandemic, nearly 30% of the state was identified as economically struggling or "working poor."

Con: Very cold winters

Harsh winters in West Virginia are a reality that residents must contend with each year. The state's mountainous terrain and higher elevations can result in frigid temperatures, heavy snowfall, and challenging weather conditions during the winter months.

Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate. Final numbers depend significantly on the local market and demand for a property in your particular location.

There are several reasons why Zillow's Zestimate may be inaccurate. For one, the feature relies heavily on publicly available data, such as property tax records and past sales data. This means that it may not take into account certain factors, such as renovations or additions to a home, that could affect its value.

Non-disclosure state — Your home is in a “non-disclosure” state (Idaho, Indiana, Kansas, Louisiana, Mississippi, Montana, New Mexico, Texas, Utah, and Wyoming) where transactions are not publicly reported and therefore, we do not have enough data to create a Zestimate.

March to June are the best months to buy a house in West Virginia. During these months, low competition and competitive prices can get you a good deal on your future home.

Are home prices dropping in WV? ›

In June 2024, 22.4% of homes in West-Virginia sold above list price, down 4.3 points year. There were only 20.6% of homes that had price drops, up from 6.0% of homes in June last year. There was a 97.3% sale-to-list price, down 0.5 points year over year. …

As a single person, you'll need an annual income of $40,000 to cover basic expenses in the cheapest U.S. states, according to a recent SmartAsset analysis. The state with the lowest costs of living is West Virginia, closely followed by Arkansas and Oklahoma, the analysis says.

West Virginia eclipses most other states in the percentage of people affected by diabetes, heart disease and obesity. It has had the nation's highest rate of drug overdose deaths for years running.