Boone County, West Virginia Housing Market
In Boone County, West Virginia, the median home value is $93,100, with a median monthly rent of $837. This places Boone County at #2996 nationally out of 3134 counties by median home value, and #50 within West Virginia.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,149
- Establishments: 360
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,707 (avg $53,743)
- Outflow: 6,620 (avg $54,151)
- IRS Statistics of Income
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| Metric | Boone County | West Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $93,100 | $148,003 | $227,706 |
| Median Gross Rent | $837 | $777 | $968 |
| Owner Occupancy Rate | 81.3% | 78.4% | 73.3% |
| Price/Rent Ratio | 9.3 | 15.8 | 18.7 |
Market Analysis
The median home value in Boone County is 37.1% below the West Virginia state average and 59.1% below the U.S. national average. The median rent of $837/month is 7.7% above the state average.
With a price-to-rent ratio of 9.3, buying a home in Boone County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Boone County has an owner-occupancy rate of 81.3%, compared to 78.4% in West Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Pawnee County | Kansas | $93,000 | $795 |
| Grant County | North Dakota | $93,200 | $675 |
| Marion County | South Carolina | $93,200 | $669 |
| Jenkins County | Georgia | $92,900 | $535 |
| Caldwell Parish | Louisiana | $93,300 | $830 |
Other Counties in West Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mingo County | $90,500 | $647 | 73.4% |
| Calhoun County | $100,500 | $473 | 87.1% |
| Gilmer County | $83,800 | $750 | 75.6% |
| Wyoming County | $82,900 | $650 | 82.5% |
| Logan County | $103,400 | $710 | 77.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).