Gilmer County, West Virginia Housing Market
In Gilmer County, West Virginia, the median home value is $83,800, with a median monthly rent of $750. This places Gilmer County at #3060 nationally out of 3134 counties by median home value, and #52 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: $774
- Establishments: 133
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,190 (avg $55,025)
- Outflow: 2,051 (avg $55,816)
- IRS Statistics of Income
How Gilmer County Compares
| Metric | Gilmer County | West Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $83,800 | $148,003 | $227,706 |
| Median Gross Rent | $750 | $777 | $968 |
| Owner Occupancy Rate | 75.6% | 78.4% | 73.3% |
| Price/Rent Ratio | 9.3 | 15.8 | 18.7 |
Market Analysis
The median home value in Gilmer County is 43.4% below the West Virginia state average and 63.2% below the U.S. national average. The median rent of $750/month is 3.5% below the state average.
With a price-to-rent ratio of 9.3, buying a home in Gilmer 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.
Gilmer County has an owner-occupancy rate of 75.6%, 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 |
|---|---|---|---|
| Harper County | Kansas | $83,800 | $690 |
| Lee County | Kentucky | $83,900 | $603 |
| Rush County | Kansas | $83,600 | $711 |
| Mellette County | South Dakota | $84,100 | $708 |
| Covington city | Virginia | $83,500 | $794 |
Other Counties in West Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wyoming County | $82,900 | $650 | 82.5% |
| Mingo County | $90,500 | $647 | 73.4% |
| Webster County | $76,100 | $709 | 77.3% |
| Boone County | $93,100 | $837 | 81.3% |
| Calhoun County | $100,500 | $473 | 87.1% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).