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Welch

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

Median Home$55,629
Median Rent$657/month
Population3,625
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing10% finance & insurance
Young Adults29% of residentsslightly above average
Homeowners74% of occupied units
NotableAffordable Market$56k median home · lower cost than 99% of the country
Welch
WV

Frequently Asked Questions

What are today's mortgage rates in Welch?

As of today, the 30-year fixed mortgage rate for Welch is approximately 7.001% (7.041% 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 Welch?

The median home value in Welch is $56k. The median monthly rent is $657. Annual property taxes average $308. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Welch?

Based on a typical all-in ownership cost of $493/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Welch is $31k/year.

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What industries drive the economy in Welch?

The largest employment sectors in Welch are public administration (31%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.