Quick facts: Beverly, WV

Quick Facts

93.9
Cost of Living
below US average
615
Population
81.3
Crime Rate per 1000
above US average
$30,000
Median Income
below US average
$185,000
Median House Price
above US average
$1190
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $30,000.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $30,000
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Income Needed to Rent

⚠ Stretch
$51k/year
Based on $1190/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $51k vs median $30,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beverly, WV

Beverly, West Virginia, is a quaint town located in Randolph County in the eastern part of the state. Nestled in the picturesque Appalachian Mountains, Beverly boasts a rich history dating back to its founding in the early 19th century. The town is known for its charming small-town atmosphere, friendly community, and scenic landscapes. The area is characterized by its historical architecture, including several notable buildings from the 1800s, adding to its historic charm. Outdoor enthusiasts will appreciate the surrounding natural beauty, with opportunities for hiking, fishing, and exploring the nearby Tygart Valley River and the Monongahela National Forest. Beverly is conveniently situated near larger towns, offering access to additional amenities while maintaining its tranquil environment. The community hosts various local events throughout the year, fostering a strong sense of local pride and connection among residents. With its historical significance and beautiful surroundings, Beverly serves as a lovely representation of rural West Virginia living.

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