Mortgage Rates in Summersville, West Virginia — March 2026
Updated March 2026 | Based on Summersville market data and regional lending conditions
Summersville is a growing city in West Virginia with a population of 3,572. The current 30-year fixed mortgage rate in Summersville is 6.68%, which is 0.03% above the national average. With a median home price of $97,000 and a 20% down payment of $19,400, homebuyers can expect a monthly principal and interest payment of approximately $500.
Current Mortgage Rates in Summersville, WV
Below are the current average mortgage rates available in the Summersville 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Summersville Housing Market Overview
The Summersville housing market offers relatively affordable housing compared to many major cities. The median household income in Summersville is $45,000, and the cost of living index is 79.2 (national average = 100). Based on the 28% affordability rule, the median income in Summersville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Summersville
Based on the median home price of $97,000 with 20% down ($19,400), here is what you can expect to pay monthly in Summersville:
15-Year vs. 30-Year Mortgage in Summersville
Choosing a 15-year mortgage in Summersville at 5.93% instead of a 30-year at 6.68% would save you $62,640 in total interest over the life of the loan. However, your monthly payment would be $652 instead of $500 — an increase of $152 per month.
Calculate Your Summersville 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 Summersville
What are the current mortgage rates in Summersville, WV?
As of March 2026, the average 30-year fixed mortgage rate in Summersville, West Virginia is 6.68%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Summersville?
Based on the median home price of $97,000 with 20% down, the estimated monthly mortgage payment in Summersville is $500 for principal and interest. Including property taxes of $48/month, the total monthly housing cost is approximately $548.
What income do I need to buy a home in Summersville?
Using the 28% rule, you would need an annual income of approximately $23,486 to afford the median-priced home in Summersville at $97,000. The median household income in Summersville is $45,000. The median income is currently sufficient to meet this threshold.
Is Summersville a good place to buy a home in 2026?
Summersville offers a below-average cost of living with a cost of living index of 79.2 (national average = 100). The property tax rate in West Virginia is 0.59%, which is below the national average. Summersville has a population of 3,572 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 Summersville, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.