Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Omar

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

Median Home$104,465
Median Rent$826/month
Population399
Leading IndustriesPublic Administration · Manufacturing · Professional Services41% public administration
Home Value Growth+5.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners85% of occupied units
NotableAffordable Market$104k median home · lower cost than 90% of the country
Omar
WV

Frequently Asked Questions

What are today's mortgage rates in Omar?

As of today, the 30-year fixed mortgage rate for Omar 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.

View current rates for Omar
What is the median home price in Omar?

The median home value in Omar is $104k. The median monthly rent is $826. Annual property taxes average $522. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Omar?

Home values in Omar have increased 5.1% 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 Omar?

Based on a typical all-in ownership cost of $576/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Omar is $60k/year.

Calculate your buying power
What industries drive the economy in Omar?

The largest employment sectors in Omar are public administration (41%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.