The typical owner-occupied home in Mcmechen is worth about $96,900, 40% below the West Virginia median of $162,600 and 71% below the national median of $332,700. Owners pay a median $639 a year in property taxes, about 0.66% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $40,446 a year, so the median home costs 2.4 times the median income (2.7 times for West Virginia). 64% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Mcmechen at a glance
| Mcmechen | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $96,900 | $162,600 | $332,700 |
| Median property tax paid per year | $639 | $865 | $3,119 |
| Property tax as a share of value | 0.66% | 0.53% | 0.94% |
| Median household income | $40,446 | $59,608 | $80,734 |
| Homes lived in by their owners | 64% | 75% | 65% |
| Owner homes with a mortgage | 52% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $921 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 14.9% | 17.3% | 21.0% |
| Median rent | $625 | $872 | $1,413 |
| Rent as a share of renters' income | 36.5% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 18.5% | 15.4% | 10.1% |
| Population | 1,826 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Mcmechen
At this week's average 30-year rate of 7.11%, buying the median Mcmechen home of $96,900 with 20% down costs about $615 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $777, 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 $26,364 for the 20%-down payment. That payment is 18% of the median Mcmechen household income of $40,446; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $625 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,380 |
|---|---|
| Loan amount | $77,520 |
| Principal and interest | $521 |
| Property taxes (0.66% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $615 |
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| Down payment | $3,392 |
|---|---|
| Loan amount | $95,145 |
| Principal and interest | $640 |
| Property taxes (0.66% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $777 |
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Questions about home buying in Mcmechen
What is the median home value in Mcmechen?
About $96,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mcmechen?
Homeowners pay a median $639 a year, which is about 0.66% 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 Mcmechen?
For the median home with 20% down at 7.11%, the payment is about $615 a month. Keeping that under 28% of gross income takes about $26,364 a year.
More about Mcmechen
- Mortgage Refinance in Mcmechen
- Debt Relief in Mcmechen
- Home Equity Loans in Mcmechen
- 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