The typical owner-occupied home in Moorefield is worth about $125,000, 23% below the West Virginia median of $162,600 and 62% below the national median of $332,700. Owners pay a median $706 a year in property taxes, about 0.56% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $49,063 a year, so the median home costs 2.5 times the median income (2.7 times for West Virginia). 64% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Moorefield at a glance
| Moorefield | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $125,000 | $162,600 | $332,700 |
| Median property tax paid per year | $706 | $865 | $3,119 |
| Property tax as a share of value | 0.56% | 0.53% | 0.94% |
| Median household income | $49,063 | $59,608 | $80,734 |
| Homes lived in by their owners | 64% | 75% | 65% |
| Owner homes with a mortgage | 46% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,061 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 17.3% | 21.0% |
| Median rent | $823 | $872 | $1,413 |
| Rent as a share of renters' income | 22.0% | 29.4% | 30.6% |
| Median year homes were built | 1968 | 1976 | 1980 |
| Vacant homes | 10.7% | 15.4% | 10.1% |
| Population | 2,525 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Moorefield
At this week's average 30-year rate of 7.11%, buying the median Moorefield home of $125,000 with 20% down costs about $783 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $991, 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 $33,563 for the 20%-down payment. That payment is 19% of the median Moorefield household income of $49,063; at that income and 20% down, the 28% guideline points to a home of about $183,000.
The median rent here is $823 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $25,000 |
|---|---|
| Loan amount | $100,000 |
| Principal and interest | $673 |
| Property taxes (0.56% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $783 |
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| Down payment | $4,375 |
|---|---|
| Loan amount | $122,736 |
| Principal and interest | $826 |
| Property taxes (0.56% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $991 |
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Questions about home buying in Moorefield
What is the median home value in Moorefield?
About $125,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Moorefield?
Homeowners pay a median $706 a year, which is about 0.56% 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 Moorefield?
For the median home with 20% down at 7.11%, the payment is about $783 a month. Keeping that under 28% of gross income takes about $33,563 a year.
More about Moorefield
- Mortgage Refinance in Moorefield
- Debt Relief in Moorefield
- Home Equity Loans in Moorefield
- 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