Cost of Living in Hampshire County, West Virginia

$732/mo

Median Monthly Rent

$204,600

Median Home Value

4% below state averageUnaffordable

At a Glance

Median Monthly Rent

$732/mo

4% below state average

Median Home Value

$204,600

27% below national

Rent-to-Income Ratio

22.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Hampshire County Compares

Median monthly rent comparison

Hampshire County$732/mo

West Virginia Average$760/mo

National Median$1,163/mo

Detailed Housing Stats

$732/mo

Median Gross Rent

$204,600

Median Home Value

$619/mo

Monthly Owner Cost

22.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Hampshire County, West Virginia

Hampshire balances costs and income well

Hampshire County's rent-to-income ratio of 14.6% sits comfortably below the state average of 16.9% and reflects solid affordability despite a median household income of $60,299 below the national median. Monthly rent of $732 consumes less than 15% of earnings, leaving room for savings and stability.

Better than half of West Virginia counties

Hampshire's 14.6% rent-to-income ratio ranks among the top third statewide, signaling genuine affordability relative to peer counties. The county balances moderate incomes with restrained housing costs effectively.

Highest home values, reasonable rents

Hampshire's median home value of $204,600 is the highest in this analysis, reflecting stronger property appreciation or market demand. Yet rents at $732 monthly remain competitive, and homeownership costs $619—suggesting a market with buy-side advantages over renting.

14.6% of income toward housing

Renters spend $732 monthly, representing 14.6% of Hampshire's $60,299 median income, while homeowners pay $619 monthly. This affordability gap favors buyers, making Hampshire attractive for those seeking to build equity at reasonable cost.

Strong buy-side opportunity here

Hampshire County offers West Virginia's highest home values with affordability still intact, making it ideal for buyers seeking equity growth. If your employment income is stable or growing, Hampshire's market presents genuine wealth-building potential versus renting.

Affordability Calculator

See how your income compares to housing costs in Hampshire County

Your Annual Household Income

Rent Burden

14.6%

of gross income

Max Housing (28% Rule)

$1,407

per month

Owner Cost Burden

12.3%

of gross income

The median home in Hampshire County may be a stretch

Median home value is $204,600. Estimated monthly cost: $1,633 vs. your max of $1,407.

Rent Affordability Guide

Your rent-to-income ratio14.6%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hampshire County, West Virginia?

Hampshire County, West Virginia has a median monthly rent of $732/mo and a median home value of $204,600. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.

What is the median rent in Hampshire County?

The median gross rent in Hampshire County is $732/mo. This is 4% below state average for West Virginia.

Is Hampshire County affordable?

Hampshire County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Hampshire County's rent compare to the state average?

Hampshire County's median rent of $732/mo is 4% below state average of $760/mo for West Virginia.

What is the median home value in Hampshire County?

The median home value in Hampshire County, West Virginia is $204,600. This is 27% below the national median home value of $281,900.