Mortgage Rates in Charles Town, West Virginia — April 2026
Updated April 2026 | Based on Charles Town market data and regional lending conditions
Charles Town is a smaller West Virginia community of 6,200 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.62% (0.53% above the national average). At a median home price of $115,000, the estimated $646/month payment (with 20% down) is affordable on the local median income of $47,600.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Charles Town, WV, the current 30-year rate is 6.62%. Shorter terms (15-year fixed at 5.88% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.43%) and VA loans (6.18%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Charles Town, WV
Below are the current average mortgage rates available in the Charles Town area as of April 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% | 6.09% | +0.53% |
| 15-Year Fixed | 5.88% | 5.58% | +0.3% |
| 5/1 ARM | 6.17% | 5.95% | +0.22% |
| FHA | 6.43% | 5.85% | +0.58% |
| VA | 6.18% | 5.65% | +0.53% |
| Jumbo | 6.87% | 6.25% | +0.62% |
Charles Town Housing Market Overview
Charles Town is one of the more affordable housing markets, with a median home price of just $115,000 — significantly below the national median. Combined with a property tax rate of 0.59%, the total monthly housing cost of $646 is within reach for many local households earning the median $47,600.
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 April 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 0.53% above the national average of 6.09%.
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
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for West Virginia regional spread.
- Median home price: $115,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.59% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $47,600 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 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.