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Lavalette

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

Median Home$155,453
Median Rent$966/month
Population957
Leading IndustriesPublic Administration · Transportation · Construction31% public administration
Home Value Growth+3.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
Lavalette
WV

Frequently Asked Questions

What are today's mortgage rates in Lavalette?

As of today, the 30-year fixed mortgage rate for Lavalette is approximately 7.055% (7.096% 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 Lavalette?

The median home value in Lavalette is $155k. The median monthly rent is $966. Annual property taxes average $514. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lavalette?

Home values in Lavalette have increased 3.8% over the past two years. This represents moderate growth. 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 Lavalette?

Based on a typical all-in ownership cost of $710/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lavalette is $60k/year.

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What industries drive the economy in Lavalette?

The largest employment sectors in Lavalette are public administration (31%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.