The typical owner-occupied home in Charles Town is worth about $377,700, 2.3 times the West Virginia median of $162,600 and 14% above the national median of $332,700. Owners pay a median $2,213 a year in property taxes, about 0.59% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $89,263 a year, so the median home costs 4.2 times the median income (2.7 times for West Virginia). 75% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Charles Town at a glance
| Charles Town | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $377,700 | $162,600 | $332,700 |
| Median property tax paid per year | $2,213 | $865 | $3,119 |
| Property tax as a share of value | 0.59% | 0.53% | 0.94% |
| Median household income | $89,263 | $59,608 | $80,734 |
| Homes lived in by their owners | 75% | 75% | 65% |
| Owner homes with a mortgage | 78% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $2,093 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 17.3% | 21.0% |
| Median rent | $1,115 | $872 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.4% | 30.6% |
| Median year homes were built | 2002 | 1976 | 1980 |
| Vacant homes | 7.7% | 15.4% | 10.1% |
| Population | 7,337 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Charles Town
At this week's average 30-year rate of 7.11%, buying the median Charles Town home of $377,700 with 20% down costs about $2,376 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,005, 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 $101,817 for the 20%-down payment. That payment is 32% of the median Charles Town household income of $89,263; at that income and 20% down, the 28% guideline points to a home of about $331,000.
The median rent here is $1,115 a month, so owning the median home costs about $1,261 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,540 |
|---|---|
| Loan amount | $302,160 |
| Principal and interest | $2,033 |
| Property taxes (0.59% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,376 |
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| Down payment | $13,220 |
|---|---|
| Loan amount | $370,859 |
| Principal and interest | $2,495 |
| Property taxes (0.59% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $167 |
| Total per month | $3,005 |
Change the numbers in the calculator
Questions about home buying in Charles Town
What is the median home value in Charles Town?
About $377,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Charles Town?
Homeowners pay a median $2,213 a year, which is about 0.59% 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 Charles Town?
For the median home with 20% down at 7.11%, the payment is about $2,376 a month. Keeping that under 28% of gross income takes about $101,817 a year.
More about Charles Town
- Mortgage Refinance in Charles Town
- Debt Relief in Charles Town
- Home Equity Loans in Charles Town
- 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