The typical owner-occupied home in Hancock County is worth about $130,800, 20% below the West Virginia median of $162,600 and 61% below the national median of $332,700. Owners pay a median $826 a year in property taxes, about 0.63% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $61,466 a year, so the median home costs 2.1 times the median income (2.7 times for West Virginia). 74% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Hancock County at a glance
| Hancock County | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $130,800 | $162,600 | $332,700 |
| Median property tax paid per year | $826 | $865 | $3,119 |
| Property tax as a share of value | 0.63% | 0.53% | 0.94% |
| Median household income | $61,466 | $59,608 | $80,734 |
| Homes lived in by their owners | 74% | 75% | 65% |
| Owner homes with a mortgage | 46% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,007 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 15.2% | 17.3% | 21.0% |
| Median rent | $771 | $872 | $1,413 |
| Rent as a share of renters' income | 28.4% | 29.4% | 30.6% |
| Median year homes were built | 1959 | 1976 | 1980 |
| Vacant homes | 9.7% | 15.4% | 10.1% |
| Population | 28,431 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Hancock County
At this week's average 30-year rate of 7.11%, buying the median Hancock County home of $130,800 with 20% down costs about $827 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,045, 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 $35,447 for the 20%-down payment. That payment is 16% of the median Hancock County household income of $61,466; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $771 a month, so owning the median home costs about $56 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,160 |
|---|---|
| Loan amount | $104,640 |
| Principal and interest | $704 |
| Property taxes (0.63% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $827 |
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| Down payment | $4,578 |
|---|---|
| Loan amount | $128,431 |
| Principal and interest | $864 |
| Property taxes (0.63% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $58 |
| Total per month | $1,045 |
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Questions about home buying in Hancock County
What is the median home value in Hancock County?
About $130,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hancock County?
Homeowners pay a median $826 a year, which is about 0.63% 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 Hancock County?
For the median home with 20% down at 7.11%, the payment is about $827 a month. Keeping that under 28% of gross income takes about $35,447 a year.
More about Hancock County
- Mortgage Refinance in Hancock County
- Debt Relief in Hancock County
- Home Equity Loans in Hancock 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