|Calhoun County is ranked #7 as the best buy in real estate in West Virginia.|
The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory.
The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin.
These high asking costsâwhile good for sellersâare pricing many buyers out of the market entirely, but not in West Virginia.
â Monthly mortgage payment in 2020: $324 (1.6% greater than 2019)
â Monthly mortgage payment in 2019: $319
â Median home value in 2020: $87,400
â Ranked #393 out of 3,120 counties nationwide
Most regional counties are also ranked as best buys.
Calhoun County, very rural and heavily forested, despite a very low income rating and lack of employment, it is one of the safest places in America to live.