Mortgage Rates in Charles Town, West Virginia — March 2026
Updated March 2026 | Based on Charles Town market data and regional lending conditions
Charles Town is a growing city in West Virginia with a population of 6,200. The current 30-year fixed mortgage rate in Charles Town is 6.62%, which is 0.03% below the national average. With a median home price of $115,000 and a 20% down payment of $23,000, homebuyers can expect a monthly principal and interest payment of approximately $589.
Current Mortgage Rates in Charles Town, WV
Below are the current average mortgage rates available in the Charles Town area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Charles Town Housing Market Overview
The Charles Town housing market offers relatively affordable housing compared to many major cities. The median household income in Charles Town is $47,600, and the cost of living index is 70.1 (national average = 100). Based on the 28% affordability rule, the median income in Charles Town is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Charles Town
Based on the median home price of $115,000 with 20% down ($23,000), here is what you can expect to pay monthly in Charles Town:
15-Year vs. 30-Year Mortgage in Charles Town
Choosing a 15-year mortgage in Charles Town at 5.88% instead of a 30-year at 6.62% would save you $73,440 in total interest over the life of the loan. However, your monthly payment would be $770 instead of $589 — an increase of $181 per month.
Calculate Your Charles Town Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Charles Town
What are the current mortgage rates in Charles Town, WV?
As of March 2026, the average 30-year fixed mortgage rate in Charles Town, West Virginia is 6.62%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Charles Town?
Based on the median home price of $115,000 with 20% down, the estimated monthly mortgage payment in Charles Town is $589 for principal and interest. Including property taxes of $57/month, the total monthly housing cost is approximately $646.
What income do I need to buy a home in Charles Town?
Using the 28% rule, you would need an annual income of approximately $27,686 to afford the median-priced home in Charles Town at $115,000. The median household income in Charles Town is $47,600. The median income is currently sufficient to meet this threshold.
Is Charles Town a good place to buy a home in 2026?
Charles Town offers a below-average cost of living with a cost of living index of 70.1 (national average = 100). The property tax rate in West Virginia is 0.59%, which is below the national average. Charles Town has a population of 6,200 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Charles Town, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.