The typical owner-occupied home in Lester is worth about $89,400, 45% below the West Virginia median of $162,600 and 73% below the national median of $332,700. 74% of occupied homes here are lived in by their owners, and 10% of those owners still have a mortgage.
Lester at a glance
| Lester | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $89,400 | $162,600 | $332,700 |
| Median property tax paid per year | – | $865 | $3,119 |
| Median household income | – | $59,608 | $80,734 |
| Homes lived in by their owners | 74% | 75% | 65% |
| Owner homes with a mortgage | 10% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 30.8% | 17.3% | 21.0% |
| Median rent | $850 | $872 | $1,413 |
| Rent as a share of renters' income | 39.3% | 29.4% | 30.6% |
| Median year homes were built | 1983 | 1976 | 1980 |
| Vacant homes | 13.6% | 15.4% | 10.1% |
| Population | 377 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Lester
At this week's average 30-year rate of 7.11%, buying the median Lester home of $89,400 with 20% down costs about $600 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $749, 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 $25,728 for the 20%-down payment.
The median rent here is $850 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,880 |
|---|---|
| Loan amount | $71,520 |
| Principal and interest | $481 |
| Property taxes (1.10% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $600 |
Change the numbers in the calculator
| Down payment | $3,129 |
|---|---|
| Loan amount | $87,781 |
| Principal and interest | $591 |
| Property taxes (1.10% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $749 |
Change the numbers in the calculator
Questions about home buying in Lester
What is the median home value in Lester?
About $89,400 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 Lester?
For the median home with 20% down at 7.11%, the payment is about $600 a month. Keeping that under 28% of gross income takes about $25,728 a year.
More about Lester
- Mortgage Refinance in Lester
- Debt Relief in Lester
- Home Equity Loans in Lester
- 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