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Lester

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

Median Home$142,500
Median Rent$653/month
Population274
Leading IndustriesManufacturing · Public Administration · Transportation13% manufacturing
Home Value Growth+10.3% over 2 years
Retirees31% of residentswell above average
Homeowners85% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableAffordable Market$143k median home · lower cost than 77% of the country
Lester
WV

Frequently Asked Questions

What are today's mortgage rates in Lester?

As of today, the 30-year fixed mortgage rate for Lester is approximately 6.992% (7.035% 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 Lester?

The median home value in Lester is $143k. The median monthly rent is $653. Annual property taxes average $780. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lester?

Home values in Lester have increased 10.3% over the past two years. This indicates a strong appreciation trend. 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 Lester?

Based on a typical all-in ownership cost of $476/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lester is $41k/year.

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What industries drive the economy in Lester?

The largest employment sectors in Lester are public administration (36%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.