The typical owner-occupied home in Fort Gay is worth about $62,300, 62% below the West Virginia median of $162,600 and 81% below the national median of $332,700. Owners pay a median $473 a year in property taxes, about 0.76% of their home's value, higher than the West Virginia rate of 0.53%. 43% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Fort Gay at a glance
| Fort Gay | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $62,300 | $162,600 | $332,700 |
| Median property tax paid per year | $473 | $865 | $3,119 |
| Property tax as a share of value | 0.76% | 0.53% | 0.94% |
| Median household income | – | $59,608 | $80,734 |
| Homes lived in by their owners | 43% | 75% | 65% |
| Owner homes with a mortgage | 15% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,417 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 17.3% | 21.0% |
| Median rent | $726 | $872 | $1,413 |
| Rent as a share of renters' income | 33.8% | 29.4% | 30.6% |
| Median year homes were built | 1984 | 1976 | 1980 |
| Vacant homes | 40.1% | 15.4% | 10.1% |
| Population | 437 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Fort Gay
At this week's average 30-year rate of 7.11%, buying the median Fort Gay home of $62,300 with 20% down costs about $401 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $504, 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 $17,173 for the 20%-down payment.
The median rent here is $726 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,460 |
|---|---|
| Loan amount | $49,840 |
| Principal and interest | $335 |
| Property taxes (0.76% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $401 |
Change the numbers in the calculator
| Down payment | $2,180 |
|---|---|
| Loan amount | $61,172 |
| Principal and interest | $412 |
| Property taxes (0.76% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $504 |
Change the numbers in the calculator
Questions about home buying in Fort Gay
What is the median home value in Fort Gay?
About $62,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fort Gay?
Homeowners pay a median $473 a year, which is about 0.76% 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 Fort Gay?
For the median home with 20% down at 7.11%, the payment is about $401 a month. Keeping that under 28% of gross income takes about $17,173 a year.
More about Fort Gay
- Mortgage Refinance in Fort Gay
- Debt Relief in Fort Gay
- Home Equity Loans in Fort Gay
- 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