The typical owner-occupied home in Grantsville is worth about $55,800, 66% below the West Virginia median of $162,600 and 83% below the national median of $332,700. Owners pay a median $356 a year in property taxes, about 0.64% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $28,438 a year, so the median home costs 2.0 times the median income (2.7 times for West Virginia). 77% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Grantsville at a glance
| Grantsville | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $55,800 | $162,600 | $332,700 |
| Median property tax paid per year | $356 | $865 | $3,119 |
| Property tax as a share of value | 0.64% | 0.53% | 0.94% |
| Median household income | $28,438 | $59,608 | $80,734 |
| Homes lived in by their owners | 77% | 75% | 65% |
| Owner homes with a mortgage | 41% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $793 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 17.3% | 21.0% |
| Median rent | – | $872 | $1,413 |
| Rent as a share of renters' income | 32.5% | 29.4% | 30.6% |
| Median year homes were built | 1960 | 1976 | 1980 |
| Vacant homes | 39.0% | 15.4% | 10.1% |
| Population | 401 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Grantsville
At this week's average 30-year rate of 7.11%, buying the median Grantsville home of $55,800 with 20% down costs about $353 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $446, 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 $15,142 for the 20%-down payment. That payment is 15% of the median Grantsville household income of $28,438; at that income and 20% down, the 28% guideline points to a home of about $105,000.
| Down payment | $11,160 |
|---|---|
| Loan amount | $44,640 |
| Principal and interest | $300 |
| Property taxes (0.64% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $353 |
Change the numbers in the calculator
| Down payment | $1,953 |
|---|---|
| Loan amount | $54,789 |
| Principal and interest | $369 |
| Property taxes (0.64% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $446 |
Change the numbers in the calculator
Questions about home buying in Grantsville
What is the median home value in Grantsville?
About $55,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grantsville?
Homeowners pay a median $356 a year, which is about 0.64% 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 Grantsville?
For the median home with 20% down at 7.11%, the payment is about $353 a month. Keeping that under 28% of gross income takes about $15,142 a year.
More about Grantsville
- Mortgage Refinance in Grantsville
- Debt Relief in Grantsville
- Home Equity Loans in Grantsville
- 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