The typical owner-occupied home in Mallory is worth about $106,300, 35% below the West Virginia median of $162,600 and 68% below the national median of $332,700. The median household earns $101,546 a year, so the median home costs 1.0 times the median income (2.7 times for West Virginia). 95% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Mallory at a glance
| Mallory | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $106,300 | $162,600 | $332,700 |
| Median property tax paid per year | – | $865 | $3,119 |
| Median household income | $101,546 | $59,608 | $80,734 |
| Homes lived in by their owners | 95% | 75% | 65% |
| Owner homes with a mortgage | 26% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $941 | $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 | 1995 | 1976 | 1980 |
| Vacant homes | 9.4% | 15.4% | 10.1% |
| Population | 1,417 | 1,778,373 | 334,922,499 |
How much equity Mallory owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Mallory home of $106,300, 80% is $85,040.
74% of Mallory owners have no mortgage at all, so they could borrow up to the full 80% limit.
Owners with a mortgage here already spend a median $941 a month on housing, so a new payment should fit next to that. At the median income of $101,546, lenders typically cap all debt payments at about 43% of gross income, or $3,639 a month.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $85,040 to $90,355 |
|---|---|
| Owe $26,575 | $58,465 to $63,780 |
| Owe $53,150 | $31,890 to $37,205 |
| Owe $69,095 | $15,945 to $21,260 |
Before the lender's own limits, fees and your credit and income checks.
Change the numbers in the calculator
Questions about home equity loans in Mallory
What is the median home value in Mallory?
About $106,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much can I borrow against my home in Mallory?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $106,300, an 80% limit is $85,040 before subtracting your mortgage.
More about Mallory
- Mortgage Refinance in Mallory
- Home Buying in Mallory
- Debt Relief in Mallory
- 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