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Moorefield

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

Median Home$123,028
Median Rent$836/month
Population2,302
Leading IndustriesRetail · Construction · Agriculture & Mining36% retail
Home Value Growth⬆⬆⬆+29.7% over 2 years
Young Adults26% of residents
Homeowners63% of occupied units
NotableAffordable Market$123k median home · lower cost than 83% of the country
Moorefield
WV

Frequently Asked Questions

What are today's mortgage rates in Moorefield?

As of today, the 30-year fixed mortgage rate for Moorefield is approximately 6.961% (6.999% 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 Moorefield?

The median home value in Moorefield is $123k. The median monthly rent is $836. Annual property taxes average $661. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Moorefield?

Home values in Moorefield have increased 29.7% 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 Moorefield?

Based on a typical all-in ownership cost of $709/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 Moorefield is $46k/year.

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What industries drive the economy in Moorefield?

The largest employment sectors in Moorefield are retail (36%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.