The Most Affordable Neighborhoods in Mount Hope, WV by Home Value

These days, finding an affordable place to live in the Mount Hope area can be challenging. Home prices in Mount Hope are now at a median cost of $103,469, lower than the West Virginia average of $177,366.

The average cost of rent is $798/mo in Mount Hope, primarily driven by the current value of real estate in the Mount Hope area. In Mount Hope, 36.04% of households rent, and 64.84% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Hope is $3,850 per month. Households that rent pay about 20.73% of their income on rent here. Mount Hope’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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