The typical owner-occupied home in Rainelle is worth about $80,800, 50% below the West Virginia median of $162,600 and 76% below the national median of $332,700. Owners pay a median $458 a year in property taxes, about 0.57% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $35,625 a year, so the median home costs 2.3 times the median income (2.7 times for West Virginia). 67% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Rainelle at a glance
| Rainelle | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $80,800 | $162,600 | $332,700 |
| Median property tax paid per year | $458 | $865 | $3,119 |
| Property tax as a share of value | 0.57% | 0.53% | 0.94% |
| Median household income | $35,625 | $59,608 | $80,734 |
| Homes lived in by their owners | 67% | 75% | 65% |
| Owner homes with a mortgage | 39% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $927 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 26.9% | 17.3% | 21.0% |
| Median rent | $663 | $872 | $1,413 |
| Rent as a share of renters' income | 34.3% | 29.4% | 30.6% |
| Median year homes were built | 1971 | 1976 | 1980 |
| Vacant homes | 12.5% | 15.4% | 10.1% |
| Population | 1,458 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Rainelle
At this week's average 30-year rate of 7.11%, buying the median Rainelle home of $80,800 with 20% down costs about $507 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $641, 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 $21,724 for the 20%-down payment. That payment is 17% of the median Rainelle household income of $35,625; at that income and 20% down, the 28% guideline points to a home of about $133,000.
The median rent here is $663 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,160 |
|---|---|
| Loan amount | $64,640 |
| Principal and interest | $435 |
| Property taxes (0.57% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $507 |
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| Down payment | $2,828 |
|---|---|
| Loan amount | $79,337 |
| Principal and interest | $534 |
| Property taxes (0.57% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $641 |
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Questions about home buying in Rainelle
What is the median home value in Rainelle?
About $80,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rainelle?
Homeowners pay a median $458 a year, which is about 0.57% 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 Rainelle?
For the median home with 20% down at 7.11%, the payment is about $507 a month. Keeping that under 28% of gross income takes about $21,724 a year.
More about Rainelle
- Mortgage Refinance in Rainelle
- Debt Relief in Rainelle
- Home Equity Loans in Rainelle
- 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