Market Overview
Home Prices in Gap Mills, WV
The median home value in Gap Mills, WV is $176,791 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gap Mills are priced57% below average.
Over the past five years, Gap Mills home values have risen by approximately29.6%, reflecting strong long-term appreciation in this market.
Price History
Gap Mills Home Price Trend
2020
$110,664
$111K
—
2021
$136,388
$136K
+23.2%
2022
$151,440
$151K
+11.0%
2023
$149,667
$150K
-1.2%
2024
$154,598
$155K
+3.3%
2025
$161,592
$162K
+4.5%
2026
$176,791
$177K
+9.4%
City Comparison
Gap Mills vs. National Median
🏠 Gap Mills
$176,791
National Median
$410,000
At $176,791, homes in Gap Mills cost 57% below the national median of $410,000. This makes Gap Mills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gap Mills?
20% Down Payment
$35,358
on $176,791
Monthly P&I
$922/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,171/mo
incl. taxes & insurance
Income Needed
$46,840
gross annual (30% rule)
10% Down Option
$17,679
+ PMI applies
Loan Amount (20% dn)
$141,433
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gap Mills, WV?
The median home value in Gap Mills is $176,791 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Gap Mills?
Over the past year, home values in Gap Mills have increased by 9.4%. Over five years, prices have risen approximately 29.6%.
How much do I need to earn to buy a home in Gap Mills?
To comfortably afford the median home price of $176,791 with a 20% down payment ($35,358) at today's rates (6.8%), you'd need a gross annual income of approximately $46,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Gap Mills compare to the national average home price?
The national median home value is approximately $410,000. At $176,791, homes in Gap Mills are 57% below the national average.