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Featured local agent — Mount Hope, WV
Sarah Mitchell
Compass Real Estate · Mount Hope, WV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mount Hope, WV Housing Market
The typical home in Mount Hope, WV is worth $116,835, fell 3.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $15,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 237 days, Mount Hope is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $116,835 home is about $624/mo in principal and interest.
Key numbers for Mount Hope, WV
Typical home value
$116,835
-3.3% in 12 months
Zillow, August 2026
Median sale price
$15,000
Last published period
Redfin, through April 2026
Days on market
237
Slow-moving
Redfin, through April 2026
Active listings
1
1.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$26,983
Home costs 4.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
61.2%
Selling below asking
Redfin, through April 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Mount Hope a buyer's or seller's market?
Mount Hope, WV is a balanced market, based on 1.0 months of supply and homes selling in about 237 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Mount Hope housing market data show?
Every row below is Redfin's final published month for Mount Hope, WV. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $15,000 |
| Median list price | $109,000 |
| Median price per sq ft | $12/sq ft |
| Median days on market | 237 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 61.2% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Mount Hope is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Mount Hope is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Mount Hope home prices moved?
Across the 28 months we hold for Mount Hope, WV, the median sale price fell 72.7%, from $55,000 in April 2021 to $15,000. The live Zillow value series has fell 3.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 61.2%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Mount Hope?
Priced off the typical home value of $116,835 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $23,367 | $93,468 | $624/mo |
| 5% | $5,842 | $110,994 | $741/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $624, that implies roughly $26,731 a year before you add taxes and insurance. The median household in Mount Hope earns $26,983, about $252 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.3x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Mount Hope in the next 12 months?
Tell us your timeline. We send the Mount Hope market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Mount Hope?
Zillow does not publish a rent index (ZORI) for Mount Hope, WV, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Mount Hope?
Active listings in Mount Hope, WV went from 1 in March 2023 to 1 in April 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2023 | 1 | not published |
| February 2024 | 4 | 1 |
| April 2024 | 4 | not published |
| May 2024 | 3 | 1 |
| June 2024 | 4 | 3 |
| July 2024 | 2 | 1 |
| August 2024 | 3 | 1 |
| September 2024 | 2 | not published |
| September 2025 | 2 | 1 |
| December 2025 | 3 | 2 |
| March 2026 | 1 | not published |
| April 2026 | 1 | 1 |
Redfin, through April 2026
How does Mount Hope compare to West Virginia and the U.S.?
Mount Hope homes sell for $15,000 — 94% below the West Virginia median of $265,200. Against the national median of $410,700, Mount Hope runs 96% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Mount Hope, WV | $15,000 | not published | 237 days |
| West Virginia statewide | $265,200 | +7.8% | 50 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Mount Hope
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $117 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $116,835 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Mount Hope listing goes under contract in 237 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 61.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Mount Hope added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -3.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Mount Hope varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Mount Hope
There are currently 1 homes listed for sale in Mount Hope, West Virginia. The median listing price is $109K.
Active listings
1
Homes on market
Median list price
$109K
Avg. days on market
237
Days until sale
New this week
1
Newly listed
How much do homes cost in Mount Hope by property type?
How the Mount Hope, WV market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $15,000 | $12/sq ft | 1 | 237 days |
Who lives in Mount Hope?
American Community Survey estimates for Mount Hope. U.S. Census ACS, 2023
Population
1,369
Households
600
Median income
$26,983/yr
Median age
41.1 years
Owner-occupied
51.5%
Median home value
$91,900
Median gross rent
$545/mo
Mean commute
18.5 min
51.5% of occupied homes in Mount Hope are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $91,900 against Zillow's $116,835 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Mount Hope?
1 schools tracked · 338 students
The largest public schools serving Mount Hope, WV by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Bradley Elementary School
Grades PK-5 · 338 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mount Hope, WV?
Ordered by distance from Mount Hope, not by size. Compare Mount Hope side by side with any of them.
Mount Hope housing market FAQ
Is Mount Hope a buyer's or seller's market?
Mount Hope, WV is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 237 days, and sellers getting 61.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Mount Hope?
The typical home in Mount Hope, WV is worth $116,835 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $15,000, about $12 per square foot.
Is Mount Hope cheaper than the rest of West Virginia?
Mount Hope's median sale price of $15,000 is 94% lower than the West Virginia statewide median of $265,200, and 96% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Mount Hope?
Homes in Mount Hope, WV spent a median of 237 days on market before going under contract, versus 50 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Mount Hope?
At the current 30-year fixed rate of 7.03%, 20% down on a $116,835 home is about $624 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $26,731 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $26,983.
Are home prices rising in Mount Hope?
The typical home value in Mount Hope, WV fell 3.3% over the last 12 months, from $120,837 to $116,835 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Mount Hope?
Mount Hope ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Mount Hope?
That depends on your timeline, not on a headline. What the data says today: Mount Hope, WV is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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