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Ravenswood

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

Median Home$96,600
Median Rent$785/month
Population4,242
Leading IndustriesManufacturing · Public Administration · Retail8% manufacturing
Home Value Growth-1.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners70% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableAffordable Market$97k median home · lower cost than 93% of the country
Ravenswood
WV

Frequently Asked Questions

What are today's mortgage rates in Ravenswood?

As of today, the 30-year fixed mortgage rate for Ravenswood is approximately 7.079% (7.124% 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 Ravenswood?

The median home value in Ravenswood is $97k. The median monthly rent is $785. Annual property taxes average $721. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ravenswood?

Home values in Ravenswood have decreased 1.1% over the past two years. Buyers may find more negotiating room in this market. 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 Ravenswood?

Based on a typical all-in ownership cost of $584/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 Ravenswood is $38k/year.

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What industries drive the economy in Ravenswood?

The largest employment sectors in Ravenswood are public administration (34%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.