Wayne County, West Virginia Housing Market
In Wayne County, West Virginia, the median home value is $127,100, with a median monthly rent of $915. This places Wayne County at #2522 nationally out of 3134 counties by median home value, and #35 within West Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $990
- Establishments: 644
- BLS QCEW, 2025
Housing Supply
- Single-family: 61
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,511 (avg $56,428)
- Outflow: 13,070 (avg $56,796)
- IRS Statistics of Income
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| Metric | Wayne County | West Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $127,100 | $148,003 | $227,706 |
| Median Gross Rent | $915 | $777 | $968 |
| Owner Occupancy Rate | 78.6% | 78.4% | 73.3% |
| Price/Rent Ratio | 11.6 | 15.8 | 18.7 |
Market Analysis
The median home value in Wayne County is 14.1% below the West Virginia state average and 44.2% below the U.S. national average. The median rent of $915/month is 17.8% above the state average.
With a price-to-rent ratio of 11.6, buying a home in Wayne 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.
Wayne County has an owner-occupancy rate of 78.6%, 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 |
|---|---|---|---|
| Whiteside County | Illinois | $127,100 | $856 |
| Lane County | Kansas | $127,100 | $590 |
| Hockley County | Texas | $127,000 | $850 |
| Liberty County | Florida | $127,300 | $943 |
| Macon County | Illinois | $127,300 | $847 |
Other Counties in West Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hancock County | $130,800 | $771 | 74.5% |
| Barbour County | $131,900 | $803 | 78.3% |
| Roane County | $122,100 | $614 | 78.9% |
| Mercer County | $121,700 | $810 | 72.9% |
| Nicholas County | $121,600 | $686 | 82.2% |
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).