The typical owner-occupied home in Terra Alta is worth about $95,200, 41% below the West Virginia median of $162,600 and 71% below the national median of $332,700. Owners pay a median $617 a year in property taxes, about 0.65% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $50,536 a year, so the median home costs 1.9 times the median income (2.7 times for West Virginia). 69% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Terra Alta at a glance
| Terra Alta | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $95,200 | $162,600 | $332,700 |
| Median property tax paid per year | $617 | $865 | $3,119 |
| Property tax as a share of value | 0.65% | 0.53% | 0.94% |
| Median household income | $50,536 | $59,608 | $80,734 |
| Homes lived in by their owners | 69% | 75% | 65% |
| Owner homes with a mortgage | 53% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $909 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 17.3% | 21.0% |
| Median rent | $742 | $872 | $1,413 |
| Rent as a share of renters' income | 30.9% | 29.4% | 30.6% |
| Median year homes were built | 1964 | 1976 | 1980 |
| Vacant homes | 16.2% | 15.4% | 10.1% |
| Population | 1,841 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Terra Alta
At this week's average 30-year rate of 7.11%, buying the median Terra Alta home of $95,200 with 20% down costs about $604 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $762, 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 $25,867 for the 20%-down payment. That payment is 14% of the median Terra Alta household income of $50,536; at that income and 20% down, the 28% guideline points to a home of about $186,000.
The median rent here is $742 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,040 |
|---|---|
| Loan amount | $76,160 |
| Principal and interest | $512 |
| Property taxes (0.65% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $604 |
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| Down payment | $3,332 |
|---|---|
| Loan amount | $93,476 |
| Principal and interest | $629 |
| Property taxes (0.65% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $762 |
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Questions about home buying in Terra Alta
What is the median home value in Terra Alta?
About $95,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Terra Alta?
Homeowners pay a median $617 a year, which is about 0.65% 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 Terra Alta?
For the median home with 20% down at 7.11%, the payment is about $604 a month. Keeping that under 28% of gross income takes about $25,867 a year.
More about Terra Alta
- Mortgage Refinance in Terra Alta
- Debt Relief in Terra Alta
- Home Equity Loans in Terra Alta
- 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