The typical owner-occupied home in Hampshire County is worth about $219,200, 35% above the West Virginia median of $162,600 and 34% below the national median of $332,700. Owners pay a median $836 a year in property taxes, about 0.38% of their home's value, lower than the West Virginia rate of 0.53%. The median household earns $63,116 a year, so the median home costs 3.5 times the median income (2.7 times for West Virginia). 83% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Hampshire County at a glance
| Hampshire County | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $219,200 | $162,600 | $332,700 |
| Median property tax paid per year | $836 | $865 | $3,119 |
| Property tax as a share of value | 0.38% | 0.53% | 0.94% |
| Median household income | $63,116 | $59,608 | $80,734 |
| Homes lived in by their owners | 83% | 75% | 65% |
| Owner homes with a mortgage | 48% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,213 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 17.3% | 21.0% |
| Median rent | $720 | $872 | $1,413 |
| Rent as a share of renters' income | 20.5% | 29.4% | 30.6% |
| Median year homes were built | 1986 | 1976 | 1980 |
| Vacant homes | 31.6% | 15.4% | 10.1% |
| Population | 23,465 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Hampshire County
At this week's average 30-year rate of 7.11%, buying the median Hampshire County home of $219,200 with 20% down costs about $1,340 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,706, 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 $57,446 for the 20%-down payment. That payment is 25% of the median Hampshire County household income of $63,116; at that income and 20% down, the 28% guideline points to a home of about $241,000.
The median rent here is $720 a month, so owning the median home costs about $620 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,840 |
|---|---|
| Loan amount | $175,360 |
| Principal and interest | $1,180 |
| Property taxes (0.38% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,340 |
Change the numbers in the calculator
| Down payment | $7,672 |
|---|---|
| Loan amount | $215,230 |
| Principal and interest | $1,448 |
| Property taxes (0.38% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $97 |
| Total per month | $1,706 |
Change the numbers in the calculator
Questions about home buying in Hampshire County
What is the median home value in Hampshire County?
About $219,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hampshire County?
Homeowners pay a median $836 a year, which is about 0.38% 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 Hampshire County?
For the median home with 20% down at 7.11%, the payment is about $1,340 a month. Keeping that under 28% of gross income takes about $57,446 a year.
More about Hampshire County
- Mortgage Refinance in Hampshire County
- Debt Relief in Hampshire County
- Home Equity Loans in Hampshire County
- 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