Market Overview
Home Prices in Lerona, WV
The median home value in Lerona, WV is $217,217 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lerona are priced47% below average. Lerona is part of the Bluefield, WV-VA metro area.
Over the past five years, Lerona home values have risen by approximately41.0%, reflecting strong long-term appreciation in this market.
Price History
Lerona Home Price Trend
City Comparison
Lerona vs. National Median
At $217,217, homes in Lerona cost 47% below the national median of $410,000. This makes Lerona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lerona?
20% Down Payment
$43,443
on $217,217
Monthly P&I
$1,133/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,439/mo
incl. taxes & insurance
Income Needed
$57,560
gross annual (30% rule)
10% Down Option
$21,722
+ PMI applies
Loan Amount (20% dn)
$173,774
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 Lerona, WV?
The median home value in Lerona is $217,217 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Lerona?
Over the past year, home values in Lerona have increased by 6.7%. Over five years, prices have risen approximately 41.0%.
How much do I need to earn to buy a home in Lerona?
To comfortably afford the median home price of $217,217 with a 20% down payment ($43,443) at today's rates (6.8%), you'd need a gross annual income of approximately $57,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Lerona compare to the national average home price?
The national median home value is approximately $410,000. At $217,217, homes in Lerona are 47% below the national average.
What metro area is Lerona part of?
Lerona is part of the Bluefield, WV-VA metropolitan area. Home prices and market conditions can vary across the broader metro region.