The typical owner-occupied home in Williamstown is worth about $182,500, 12% above the West Virginia median of $162,600 and 45% below the national median of $332,700. Owners pay a median $1,162 a year in property taxes, about 0.64% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $89,013 a year, so the median home costs 2.1 times the median income (2.7 times for West Virginia). 89% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Williamstown at a glance
| Williamstown | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $182,500 | $162,600 | $332,700 |
| Median property tax paid per year | $1,162 | $865 | $3,119 |
| Property tax as a share of value | 0.64% | 0.53% | 0.94% |
| Median household income | $89,013 | $59,608 | $80,734 |
| Homes lived in by their owners | 89% | 75% | 65% |
| Owner homes with a mortgage | 51% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,202 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 17.3% | 21.0% |
| Median rent | $839 | $872 | $1,413 |
| Rent as a share of renters' income | 31.0% | 29.4% | 30.6% |
| Median year homes were built | 1960 | 1976 | 1980 |
| Vacant homes | 13.0% | 15.4% | 10.1% |
| Population | 2,980 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Williamstown
At this week's average 30-year rate of 7.11%, buying the median Williamstown home of $182,500 with 20% down costs about $1,156 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,460, 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 $49,523 for the 20%-down payment. That payment is 16% of the median Williamstown household income of $89,013; at that income and 20% down, the 28% guideline points to a home of about $328,000.
The median rent here is $839 a month, so owning the median home costs about $317 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $36,500 |
|---|---|
| Loan amount | $146,000 |
| Principal and interest | $982 |
| Property taxes (0.64% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| PMI | $0 |
| Total per month | $1,156 |
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| Down payment | $6,388 |
|---|---|
| Loan amount | $179,194 |
| Principal and interest | $1,205 |
| Property taxes (0.64% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| FHA mortgage insurance | $81 |
| Total per month | $1,460 |
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Questions about home buying in Williamstown
What is the median home value in Williamstown?
About $182,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Williamstown?
Homeowners pay a median $1,162 a year, which is about 0.64% 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 Williamstown?
For the median home with 20% down at 7.11%, the payment is about $1,156 a month. Keeping that under 28% of gross income takes about $49,523 a year.
More about Williamstown
- Mortgage Refinance in Williamstown
- Debt Relief in Williamstown
- Home Equity Loans in Williamstown
- 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