Mortgage Rates in Ranson, West Virginia — March 2026
Updated March 2026 | Based on Ranson market data and regional lending conditions
Ranson is a growing city in West Virginia with a population of 5,807. The current 30-year fixed mortgage rate in Ranson is 6.77%, which is 0.12% above the national average. With a median home price of $110,000 and a 20% down payment of $22,000, homebuyers can expect a monthly principal and interest payment of approximately $572.
Current Mortgage Rates in Ranson, WV
Below are the current average mortgage rates available in the Ranson 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Ranson Housing Market Overview
The Ranson housing market offers relatively affordable housing compared to many major cities. The median household income in Ranson is $47,400, and the cost of living index is 76.7 (national average = 100). Based on the 28% affordability rule, the median income in Ranson is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Ranson
Based on the median home price of $110,000 with 20% down ($22,000), here is what you can expect to pay monthly in Ranson:
15-Year vs. 30-Year Mortgage in Ranson
Choosing a 15-year mortgage in Ranson at 6.01% instead of a 30-year at 6.77% would save you $72,180 in total interest over the life of the loan. However, your monthly payment would be $743 instead of $572 — an increase of $171 per month.
Calculate Your Ranson 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 Ranson
What are the current mortgage rates in Ranson, WV?
As of March 2026, the average 30-year fixed mortgage rate in Ranson, West Virginia is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Ranson?
Based on the median home price of $110,000 with 20% down, the estimated monthly mortgage payment in Ranson is $572 for principal and interest. Including property taxes of $56/month, the total monthly housing cost is approximately $628.
What income do I need to buy a home in Ranson?
Using the 28% rule, you would need an annual income of approximately $26,914 to afford the median-priced home in Ranson at $110,000. The median household income in Ranson is $47,400. The median income is currently sufficient to meet this threshold.
Is Ranson a good place to buy a home in 2026?
Ranson offers a below-average cost of living with a cost of living index of 76.7 (national average = 100). The property tax rate in West Virginia is 0.61%, which is below the national average. Ranson has a population of 5,807 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 Ranson, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.