The typical owner-occupied home in Mallory is worth about $106,300, 35% below the West Virginia median of $162,600 and 68% below the national median of $332,700. The median household earns $101,546 a year, so the median home costs 1.0 times the median income (2.7 times for West Virginia). 95% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Mallory at a glance
| Mallory | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $106,300 | $162,600 | $332,700 |
| Median property tax paid per year | – | $865 | $3,119 |
| Median household income | $101,546 | $59,608 | $80,734 |
| Homes lived in by their owners | 95% | 75% | 65% |
| Owner homes with a mortgage | 26% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $941 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 17.3% | 21.0% |
| Median rent | – | $872 | $1,413 |
| Median year homes were built | 1995 | 1976 | 1980 |
| Vacant homes | 9.4% | 15.4% | 10.1% |
| Population | 1,417 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Mallory
At this week's average 30-year rate of 7.11%, buying the median Mallory home of $106,300 with 20% down costs about $714 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $891, 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 $30,591 for the 20%-down payment. That payment is 8% of the median Mallory household income of $101,546; at that income and 20% down, the 28% guideline points to a home of about $353,000.
| Down payment | $21,260 |
|---|---|
| Loan amount | $85,040 |
| Principal and interest | $572 |
| Property taxes (1.10% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $714 |
Change the numbers in the calculator
| Down payment | $3,720 |
|---|---|
| Loan amount | $104,375 |
| Principal and interest | $702 |
| Property taxes (1.10% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $891 |
Change the numbers in the calculator
Questions about home buying in Mallory
What is the median home value in Mallory?
About $106,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Mallory?
For the median home with 20% down at 7.11%, the payment is about $714 a month. Keeping that under 28% of gross income takes about $30,591 a year.
More about Mallory
- Mortgage Refinance in Mallory
- Debt Relief in Mallory
- Home Equity Loans in Mallory
- 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