Mortgage Rates in Teays Valley, West Virginia — March 2026
Updated March 2026 | Based on Teays Valley market data and regional lending conditions
Teays Valley is a growing city in West Virginia with a population of 13,175. The current 30-year fixed mortgage rate in Teays Valley is 6.63%, which is 0.02% below the national average. With a median home price of $111,000 and a 20% down payment of $22,200, homebuyers can expect a monthly principal and interest payment of approximately $569.
Current Mortgage Rates in Teays Valley, WV
Below are the current average mortgage rates available in the Teays Valley 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Teays Valley Housing Market Overview
The Teays Valley housing market offers relatively affordable housing compared to many major cities. The median household income in Teays Valley is $45,900, and the cost of living index is 78.7 (national average = 100). Based on the 28% affordability rule, the median income in Teays Valley is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Teays Valley
Based on the median home price of $111,000 with 20% down ($22,200), here is what you can expect to pay monthly in Teays Valley:
15-Year vs. 30-Year Mortgage in Teays Valley
Choosing a 15-year mortgage in Teays Valley at 5.89% instead of a 30-year at 6.63% would save you $70,920 in total interest over the life of the loan. However, your monthly payment would be $744 instead of $569 — an increase of $175 per month.
Calculate Your Teays Valley 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 Teays Valley
What are the current mortgage rates in Teays Valley, WV?
As of March 2026, the average 30-year fixed mortgage rate in Teays Valley, West Virginia is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Teays Valley?
Based on the median home price of $111,000 with 20% down, the estimated monthly mortgage payment in Teays Valley is $569 for principal and interest. Including property taxes of $51/month, the total monthly housing cost is approximately $620.
What income do I need to buy a home in Teays Valley?
Using the 28% rule, you would need an annual income of approximately $26,571 to afford the median-priced home in Teays Valley at $111,000. The median household income in Teays Valley is $45,900. The median income is currently sufficient to meet this threshold.
Is Teays Valley a good place to buy a home in 2026?
Teays Valley offers a below-average cost of living with a cost of living index of 78.7 (national average = 100). The property tax rate in West Virginia is 0.55%, which is below the national average. Teays Valley has a population of 13,175 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Teays Valley, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.