The typical owner-occupied home in Coal City is worth about $9,999, 94% below the West Virginia median of $162,600 and 97% below the national median of $332,700. Owners pay a median $924 a year in property taxes, about 9.24% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $20,491 a year, so the median home costs 0.5 times the median income (2.7 times for West Virginia). 83% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Coal City at a glance
| Coal City | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $9,999 | $162,600 | $332,700 |
| Median property tax paid per year | $924 | $865 | $3,119 |
| Property tax as a share of value | 9.24% | 0.53% | 0.94% |
| Median household income | $20,491 | $59,608 | $80,734 |
| Homes lived in by their owners | 83% | 75% | 65% |
| Owner homes with a mortgage | 24% | 46% | 61% |
| Median monthly costs, owners with a mortgage | – | $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 | 1982 | 1976 | 1980 |
| Vacant homes | 37.3% | 15.4% | 10.1% |
| Population | 724 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Coal City
At this week's average 30-year rate of 7.11%, buying the median Coal City home of $9,999 with 20% down costs about $135 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $152, 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 $5,784 for the 20%-down payment. That payment is 8% of the median Coal City household income of $20,491; at that income and 20% down, the 28% guideline points to a home of about $35,000.
| Down payment | $2,000 |
|---|---|
| Loan amount | $7,999 |
| Principal and interest | $54 |
| Property taxes (9.24% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $4 |
| PMI | $0 |
| Total per month | $135 |
Change the numbers in the calculator
| Down payment | $350 |
|---|---|
| Loan amount | $9,818 |
| Principal and interest | $66 |
| Property taxes (9.24% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $4 |
| FHA mortgage insurance | $4 |
| Total per month | $152 |
Change the numbers in the calculator
Questions about home buying in Coal City
What is the median home value in Coal City?
About $9,999 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Coal City?
Homeowners pay a median $924 a year, which is about 9.24% 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 Coal City?
For the median home with 20% down at 7.11%, the payment is about $135 a month. Keeping that under 28% of gross income takes about $5,784 a year.
More about Coal City
- Mortgage Refinance in Coal City
- Debt Relief in Coal City
- Home Equity Loans in Coal City
- 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