Quick facts: Oak hill, WV

Quick Facts

93.9
Cost of Living
below US average
7,947
Population
2.27
Crime Rate per 1000
below US average
$48,050
Median Income
below US average
$177,000
Median House Price
above US average
$973.5
Average Rent
below US average
14%
Poverty Rate
above US average
5.0%
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 $48,050.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $177,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $48,050
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $973.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($48,050) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oak hill, WV

Oak Hill is a small city located in Fayette County, West Virginia. Nestled in the scenic Appalachian Mountains, it offers stunning landscapes and outdoor recreational opportunities. Known for its lush greenery and proximity to the New River Gorge, Oak Hill is a popular spot for hiking, biking, and rock climbing. The area is rich in history, once thriving during the coal boom of the early 20th century. Today, Oak Hill maintains its small-town charm with a close-knit community, local shops, and dining options that reflect the region's culture. The city serves as a gateway to the New River Gorge National Park, which attracts adventure seekers and nature lovers. Oak Hill also hosts various community events and festivals throughout the year, promoting local artists and businesses. With its blend of natural beauty and community spirit, Oak Hill provides a peaceful and welcoming atmosphere for both residents and visitors.

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