Mortgage Rates in Scott Depot, West Virginia — March 2026
Updated March 2026 | Based on Scott Depot market data and regional lending conditions
Scott Depot is a growing city in West Virginia with a population of 8,050. The current 30-year fixed mortgage rate in Scott Depot is 6.9%, which is 0.25% above the national average. With a median home price of $101,000 and a 20% down payment of $20,200, homebuyers can expect a monthly principal and interest payment of approximately $532.
Current Mortgage Rates in Scott Depot, WV
Below are the current average mortgage rates available in the Scott Depot 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 | 6.9% | 6.65% | +0.25% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.15% | 6.85% | +0.3% |
Scott Depot Housing Market Overview
The Scott Depot housing market offers relatively affordable housing compared to many major cities. The median household income in Scott Depot is $42,800, and the cost of living index is 71.9 (national average = 100). Based on the 28% affordability rule, the median income in Scott Depot is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Scott Depot
Based on the median home price of $101,000 with 20% down ($20,200), here is what you can expect to pay monthly in Scott Depot:
15-Year vs. 30-Year Mortgage in Scott Depot
Choosing a 15-year mortgage in Scott Depot at 6.11% instead of a 30-year at 6.9% would save you $67,860 in total interest over the life of the loan. However, your monthly payment would be $687 instead of $532 — an increase of $155 per month.
Calculate Your Scott Depot Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Scott Depot
What are the current mortgage rates in Scott Depot, WV?
As of March 2026, the average 30-year fixed mortgage rate in Scott Depot, West Virginia is 6.9%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.25% above the national average of 6.65%.
How much is a monthly mortgage payment in Scott Depot?
Based on the median home price of $101,000 with 20% down, the estimated monthly mortgage payment in Scott Depot is $532 for principal and interest. Including property taxes of $48/month, the total monthly housing cost is approximately $580.
What income do I need to buy a home in Scott Depot?
Using the 28% rule, you would need an annual income of approximately $24,857 to afford the median-priced home in Scott Depot at $101,000. The median household income in Scott Depot is $42,800. The median income is currently sufficient to meet this threshold.
Is Scott Depot a good place to buy a home in 2026?
Scott Depot offers a below-average cost of living with a cost of living index of 71.9 (national average = 100). The property tax rate in West Virginia is 0.57%, which is below the national average. Scott Depot has a population of 8,050 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 Scott Depot, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.