The Most Affordable Neighborhoods in Owings, WV by Home Value

These days, finding an affordable place to live in the Owings area can be challenging. Home prices in Owings are now at a median cost of $123,873, lower than the West Virginia average of $177,366.

The average cost of rent is $866/mo in Owings, primarily driven by the current value of real estate in the Owings area. In Owings, 44.33% of households rent, and 62.19% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Owings is $4,751 per month. Households that rent pay about 18.23% of their income on rent here. Owings’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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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