Mortgage Rates in Ravenswood, West Virginia — March 2026
Updated March 2026 | Based on Ravenswood market data and regional lending conditions
Ravenswood is a growing city in West Virginia with a population of 3,876. The current 30-year fixed mortgage rate in Ravenswood is 6.83%, which is 0.18% above the national average. With a median home price of $114,000 and a 20% down payment of $22,800, homebuyers can expect a monthly principal and interest payment of approximately $596.
Current Mortgage Rates in Ravenswood, WV
Below are the current average mortgage rates available in the Ravenswood 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Ravenswood Housing Market Overview
The Ravenswood housing market offers relatively affordable housing compared to many major cities. The median household income in Ravenswood is $40,500, and the cost of living index is 75.9 (national average = 100). Based on the 28% affordability rule, the median income in Ravenswood is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Ravenswood
Based on the median home price of $114,000 with 20% down ($22,800), here is what you can expect to pay monthly in Ravenswood:
15-Year vs. 30-Year Mortgage in Ravenswood
Choosing a 15-year mortgage in Ravenswood at 6.06% instead of a 30-year at 6.83% would save you $75,420 in total interest over the life of the loan. However, your monthly payment would be $773 instead of $596 — an increase of $177 per month.
Calculate Your Ravenswood 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 Ravenswood
What are the current mortgage rates in Ravenswood, WV?
As of March 2026, the average 30-year fixed mortgage rate in Ravenswood, West Virginia is 6.83%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Ravenswood?
Based on the median home price of $114,000 with 20% down, the estimated monthly mortgage payment in Ravenswood is $596 for principal and interest. Including property taxes of $55/month, the total monthly housing cost is approximately $651.
What income do I need to buy a home in Ravenswood?
Using the 28% rule, you would need an annual income of approximately $27,900 to afford the median-priced home in Ravenswood at $114,000. The median household income in Ravenswood is $40,500. The median income is currently sufficient to meet this threshold.
Is Ravenswood a good place to buy a home in 2026?
Ravenswood offers a below-average cost of living with a cost of living index of 75.9 (national average = 100). The property tax rate in West Virginia is 0.58%, which is below the national average. Ravenswood has a population of 3,876 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 Ravenswood, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.