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Benwood

Learn about the people, housing, costs and businesses in Benwood, West Virginia

Median Home$79,739
Median Rent$706/month
Population1,229
Leading IndustriesTransportation · Wholesale Trade4% transportation
Home Value Growth+2.9% over 2 years
Young Adults27% of residentsnear the national average
Homeowners68% of occupied units
NotableAffordable Market$80k median home · lower cost than 97% of the country
NotableVeteran Community9% of residents · top 22% nationally
Benwood
WV

Frequently Asked Questions

What are today's mortgage rates in Benwood?

As of today, the 30-year fixed mortgage rate for Benwood is approximately 6.910% (6.947% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Benwood?

The median home value in Benwood is $80k. The median monthly rent is $706. Annual property taxes average $408. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Benwood?

Home values in Benwood have increased 2.9% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Benwood?

Based on a typical all-in ownership cost of $568/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Benwood is $47k/year.

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What industries drive the economy in Benwood?

The largest employment sectors in Benwood are public administration (21%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.