The typical owner-occupied home in Wheeling is worth about $87,000, 62% below the Missouri median of $230,300 and 74% below the national median of $332,700. Owners pay a median $730 a year in property taxes, about 0.84% of their home's value, close to the Missouri rate of 0.85%. The median household earns $42,500 a year, so the median home costs 2.0 times the median income (3.3 times for Missouri). 85% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Wheeling at a glance
| Wheeling | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $87,000 | $230,300 | $332,700 |
| Median property tax paid per year | $730 | $1,948 | $3,119 |
| Property tax as a share of value | 0.84% | 0.85% | 0.94% |
| Median household income | $42,500 | $70,702 | $80,734 |
| Homes lived in by their owners | 85% | 68% | 65% |
| Owner homes with a mortgage | 44% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,042 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 19.0% | 21.0% |
| Median rent | $738 | $1,033 | $1,413 |
| Rent as a share of renters' income | 17.5% | 28.1% | 30.6% |
| Median year homes were built | 1965 | 1978 | 1980 |
| Vacant homes | 35.1% | 11.2% | 10.1% |
| Population | 157 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Wheeling
At this week's average 30-year rate of 7.11%, buying the median Wheeling home of $87,000 with 20% down costs about $565 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $710, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $24,229 for the 20%-down payment. That payment is 16% of the median Wheeling household income of $42,500; at that income and 20% down, the 28% guideline points to a home of about $153,000.
The median rent here is $738 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,400 |
|---|---|
| Loan amount | $69,600 |
| Principal and interest | $468 |
| Property taxes (0.84% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $565 |
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| Down payment | $3,045 |
|---|---|
| Loan amount | $85,424 |
| Principal and interest | $575 |
| Property taxes (0.84% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $710 |
Change the numbers in the calculator
Questions about home buying in Wheeling
What is the median home value in Wheeling?
About $87,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wheeling?
Homeowners pay a median $730 a year, which is about 0.84% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Wheeling?
For the median home with 20% down at 7.11%, the payment is about $565 a month. Keeping that under 28% of gross income takes about $24,229 a year.
More about Wheeling
- Mortgage Refinance in Wheeling
- Debt Relief in Wheeling
- Home Equity Loans in Wheeling
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data