"West Virginia's housing market remains one of the most affordable in the nation, but new construction continues to lag far behind national trends. The Realtor.com® State-by-State Housing Report Card gave the Mountain State a C, reflecting a balance between low prices and slow growth. The report-part of the Let America Build campaign-grades each state on how well it maintains affordability while adding new homes. President Donald Trump recently put pressure on homebuilders to increase construction nationwide, given the issues with construction in the country."
"But construction activity tells a different story. West Virginia accounted for just 0.3% of all U.S. housing permits last year, while making up roughly 0.5% of the population-a permit-to-population ratio of 0.6, well below the national average. The new construction premium-the difference between new and existing home prices-was 62.7%, indicating that most new builds are priced at the higher end of the market."
West Virginia's housing market remains among the nation's most affordable, with a 2024 median listing price of $240,954 and a median household income of $58,432. The state earned a C grade with a total score of 54.7, reflecting low prices paired with slow growth. New construction lags significantly: the state accounted for 0.3% of U.S. housing permits while representing roughly 0.5% of the population, yielding a permit-to-population ratio of 0.6. The new construction premium was 62.7%, indicating new homes are substantially pricier than existing stock. Additional investment is needed to attract future growth as other regions expand construction.
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