A typical Gatewood home is worth roughly $110,000
Home prices around Gatewood have risen about 83% over the past 5 years.
What kind of housing town is Gatewood?
Read from the numbers below. The page puts what stands out first.
100% of Gatewood households own their home
Half of Gatewood’s homes were built before 1938.
West Virginia: 75% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 1.4 years of income
Less than across West Virginia (3 years). Try your own numbers below.
That covers a typical Gatewood home, with $196K to spare.
A two-bedroom rents for about $1,080 a month here, $440 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Gatewood’s typical property tax (0.67% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 83% in 5 years
The federal house price index for the ZIP code around Gatewood rose 83% over the past 5 years, faster than across West Virginia (40%). Last year prices rose 3.4%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Gatewood, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,080
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Fayette County, WV HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Gatewood buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.