Young home buyers

2014 HUD Median Income for West Virginia

Median household income is used for a range of reasons, including calculating eligibility for low to moderate mortgage loans; identified as CRA (Community Reinvestment Act). Fannie Mae and Freddie Mac each have a special mortgage product that is partially dependent on the household median income (i.e. Home Possible Mortgage and the My Community Mortgage). If you are searching for a mortgage and your household income is at or less than the amounts displayed below, mention this to the banker or mortgage broker. The advantage may be a smaller down payment, closing cost assistance, grant money, reduced interest rate or lower mip/pmi.

The U.S. Census Bureau defines median household income as follows:
“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”


Median Income For West Virginia Counties

West Virginia County MSA Area Median Income
BARBOURNON METRO AREA $47,400
BERKELEYHagerstown-Martinsburg, MD-WV $63,300
BOONECharleston, WV $55,800
BRAXTONNON METRO AREA $47,400
BROOKEWeirton-Steubenville, WV-OH $52,500
CABELLHuntington-Ashland, WV-KY-OH $51,000
CALHOUNNON METRO AREA $47,400
CLAYCharleston, WV $55,800
DODDRIDGENON METRO AREA $47,400
FAYETTEBeckley $47,400
GILMERNON METRO AREA $48,200
GRANTNON METRO AREA $52,100
GREENBRIERNON METRO AREA $47,400
HAMPSHIREWinchester, VA-WV $67,600
HANCOCKWeirton-Steubenville, WV-OH $52,500
HARDYNON METRO AREA $47,400
HARRISONNON METRO AREA $55,500
JACKSONNON METRO AREA $54,700
JEFFERSONWashington-Arlington-Alexandria, DC-VA-MD-WV $107,000
KANAWHACharleston, WV $55,800
LEWISNON METRO AREA $47,400
LINCOLNHuntington-Ashland, WV-KY-OH $55,800
LOGANNON METRO AREA $47,400
MARIONNON METRO AREA $53,600
MARSHALLWheeling, WV-OH $56,200
MASONNON METRO AREA $47,400
MCDOWELLNON METRO AREA $47,400
MERCERNON METRO AREA $47,400
MINERALCumberland, MD-WV $54,100
MINGONON METRO AREA $47,400
MONONGALIAMorgantown, WV $61,000
MONROENON METRO AREA $47,400
MORGANNON METRO AREA $63,300
NICHOLASNON METRO AREA $48,700
OHIOWheeling, WV-OH $56,200
PENDLETONNON METRO AREA $49,700
PLEASANTSNON METRO AREA $53,700
POCAHONTASNON METRO AREA $47,400
PRESTONMorgantown, WV $61,000
PUTNAMHuntington-Ashland, WV-KY-OH $55,800
RALEIGHBeckley $49,800
RANDOLPHNON METRO AREA $49,600
RITCHIENON METRO AREA $47,400
ROANENON METRO AREA $47,400
SUMMERSNON METRO AREA $47,400
TAYLORNON METRO AREA $50,000
TUCKERNON METRO AREA $47,400
TYLERNON METRO AREA $49,600
UPSHURNON METRO AREA $48,100
WAYNEHuntington-Ashland, WV-KY-OH $51,000
WEBSTERNON METRO AREA $47,400
WETZELNON METRO AREA $55,100
WIRTParkersburg-Marietta-Vienna, WV-OH $53,700
WOODParkersburg-Marietta-Vienna, WV-OH $53,700
WYOMINGNON METRO AREA $49,400