Land Market Insights and Pricing in West Virginia

West Virginia's rugged landscape offers a paradise for outdoor enthusiasts, with 45 state parks and forests covering 164,000 acres that attracted over 9 million visitors in 2021. The state's diverse terrain includes the Monongahela National Forest and the New River Gorge National Park and Preserve, featuring a 1,000-foot deep canyon carved by the New River. West Virginia's income tax structure is competitive, with rates ranging from 2.22% to 4.82%, comparing favorably to neighboring states like Maryland and Virginia. Property taxes are particularly appealing, with an effective rate of 0.54%, ranking 41st nationally and lower than all surrounding states. Preston County stands out for ranch seekers, offering expansive land at affordable prices with a median household price of $157,700. For those interested in residential properties, Kanawha County provides an attractive option with median worker earnings of $39,618 and a median household price of just $135,000. The county's diverse economy, supported by over 5,400 private sector businesses, offers ample job opportunities for new residents. West Virginia's economic prospects are bolstered by its significant natural resources, including coal, natural gas, and substantial wind energy potential, estimated at 2,772 MW, positioning the state for growth in both traditional and renewable energy sectors.