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Matewan

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

Median Home$80,600
Median Rent$760/month
Population364
Leading IndustriesManufacturing · Agriculture & Mining · Healthcare17% manufacturing
Home Value Growth+1.1% over 2 years
Retirees23% of residentsslightly above average
Homeowners71% of occupied units
NotableAffordable Market$81k median home · lower cost than 97% of the country
Matewan
WV

Frequently Asked Questions

What are today's mortgage rates in Matewan?

As of today, the 30-year fixed mortgage rate for Matewan is approximately 7.036% (7.080% 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 Matewan?

The median home value in Matewan is $81k. The median monthly rent is $760. Annual property taxes average $387. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Matewan?

Home values in Matewan have increased 1.1% 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 Matewan?

Based on a typical all-in ownership cost of $424/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $18k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Matewan is $25k/year.

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What industries drive the economy in Matewan?

The largest employment sectors in Matewan are public administration (23%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.