Market Overview
Home Prices in Kermit, WV
The median home value in Kermit, WV is $94,797 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.1% compared to a year ago and down 10.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kermit are priced77% below average. Kermit is part of the Huntington-Ashland, WV-KY-OH metro area.
Over the past five years, Kermit home values have fallen by approximately9.5%, reflecting softening conditions in this market.
Price History
Kermit Home Price Trend
City Comparison
Kermit vs. National Median
At $94,797, homes in Kermit cost 77% below the national median of $410,000. This makes Kermit a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kermit?
20% Down Payment
$18,959
on $94,797
Monthly P&I
$494/mo
30-yr @ 6.8%
Total Monthly Est.
~$627/mo
incl. taxes & insurance
Income Needed
$25,080
gross annual (30% rule)
10% Down Option
$9,480
+ PMI applies
Loan Amount (20% dn)
$75,838
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 Kermit, WV?
The median home value in Kermit is $94,797 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.1% year-over-year.
How much have home prices changed in Kermit?
Over the past year, home values in Kermit have decreased by 0.1%. Over five years, prices have fallen approximately 9.5%.
How much do I need to earn to buy a home in Kermit?
To comfortably afford the median home price of $94,797 with a 20% down payment ($18,959) at today's rates (6.8%), you'd need a gross annual income of approximately $25,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Kermit compare to the national average home price?
The national median home value is approximately $410,000. At $94,797, homes in Kermit are 77% below the national average.
What metro area is Kermit part of?
Kermit is part of the Huntington-Ashland, WV-KY-OH metropolitan area. Home prices and market conditions can vary across the broader metro region.