Market Overview
Home Prices in Gay, WV
The median home value in Gay, WV is $209,603 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gay are priced49% below average. Gay is part of the Charleston, WV metro area.
Over the past five years, Gay home values have risen by approximately2.0%, reflecting modest growth in this market.
Price History
Gay Home Price Trend
2020
$169,782
$170K
—
2021
$205,458
$205K
+21.0%
2022
$225,376
$225K
+9.7%
2023
$207,549
$208K
-7.9%
2024
$211,218
$211K
+1.8%
2025
$208,428
$208K
-1.3%
2026
$209,603
$210K
+0.6%
City Comparison
Gay vs. National Median
🏠 Gay
$209,603
National Median
$410,000
At $209,603, homes in Gay cost 49% below the national median of $410,000. This makes Gay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gay?
20% Down Payment
$41,921
on $209,603
Monthly P&I
$1,093/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,388/mo
incl. taxes & insurance
Income Needed
$55,520
gross annual (30% rule)
10% Down Option
$20,960
+ PMI applies
Loan Amount (20% dn)
$167,682
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 Gay, WV?
The median home value in Gay is $209,603 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Gay?
Over the past year, home values in Gay have increased by 0.6%. Over five years, prices have risen approximately 2.0%.
How much do I need to earn to buy a home in Gay?
To comfortably afford the median home price of $209,603 with a 20% down payment ($41,921) at today's rates (6.8%), you'd need a gross annual income of approximately $55,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Gay compare to the national average home price?
The national median home value is approximately $410,000. At $209,603, homes in Gay are 49% below the national average.
What metro area is Gay part of?
Gay is part of the Charleston, WV metropolitan area. Home prices and market conditions can vary across the broader metro region.