Mortgage Rates in Oak Hill, West Virginia — April 2026
Updated April 2026 | Based on Oak Hill market data and regional lending conditions
Oak Hill is a smaller West Virginia community of 8,263 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.79% (0.7% above the national average). At a median home price of $107,000, the estimated $611/month payment (with 20% down) is affordable on the local median income of $39,300.
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 Oak Hill, WV, the current 30-year rate is 6.79%. Shorter terms (15-year fixed at 6.02% 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 (6.52%) and VA loans (6.27%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Oak Hill, WV
Below are the current average mortgage rates available in the Oak Hill 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 | 6.79% | 6.09% | +0.7% |
| 15-Year Fixed | 6.02% | 5.58% | +0.44% |
| 5/1 ARM | 6.28% | 5.95% | +0.33% |
| FHA | 6.52% | 5.85% | +0.67% |
| VA | 6.27% | 5.65% | +0.62% |
| Jumbo | 7.04% | 6.25% | +0.79% |
Oak Hill Housing Market Overview
Oak Hill is one of the more affordable housing markets, with a median home price of just $107,000 — significantly below the national median. Combined with a property tax rate of 0.6%, the total monthly housing cost of $611 is within reach for many local households earning the median $39,300.
Monthly Payment Breakdown for Oak Hill
Based on the median home price of $107,000 with 20% down ($21,400), here is what you can expect to pay monthly in Oak Hill:
15-Year vs. 30-Year Mortgage in Oak Hill
Choosing a 15-year mortgage in Oak Hill at 6.02% instead of a 30-year at 6.79% would save you $70,380 in total interest over the life of the loan. However, your monthly payment would be $723 instead of $557 — an increase of $166 per month.
Calculate Your Oak Hill 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 Oak Hill
What are the current mortgage rates in Oak Hill, WV?
As of April 2026, the average 30-year fixed mortgage rate in Oak Hill, West Virginia is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.7% above the national average of 6.09%.
How much is a monthly mortgage payment in Oak Hill?
Based on the median home price of $107,000 with 20% down, the estimated monthly mortgage payment in Oak Hill is $557 for principal and interest. Including property taxes of $54/month, the total monthly housing cost is approximately $611.
What income do I need to buy a home in Oak Hill?
Using the 28% rule, you would need an annual income of approximately $26,186 to afford the median-priced home in Oak Hill at $107,000. The median household income in Oak Hill is $39,300. The median income is currently sufficient to meet this threshold.
Is Oak Hill a good place to buy a home in 2026?
Oak Hill offers a below-average cost of living with a cost of living index of 73.2 (national average = 100). The property tax rate in West Virginia is 0.6%, which is below the national average. Oak Hill has a population of 8,263 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: $107,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.6% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $39,300 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 Oak Hill, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.