Market Overview
Home Prices in Monterville, WV
The median home value in Monterville, WV is $111,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and down 8.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monterville are priced73% below average. Monterville is part of the Elkins, WV metro area.
Price History
Monterville Home Price Trend
2024
$111,872
$112K
—
2025
$102,327
$102K
-8.5%
2026
$111,573
$112K
+9.0%
City Comparison
Monterville vs. National Median
🏠 Monterville
$111,573
National Median
$410,000
At $111,573, homes in Monterville cost 73% below the national median of $410,000. This makes Monterville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monterville?
20% Down Payment
$22,315
on $111,573
Monthly P&I
$582/mo
30-yr @ 6.8%
Total Monthly Est.
~$739/mo
incl. taxes & insurance
Income Needed
$29,560
gross annual (30% rule)
10% Down Option
$11,157
+ PMI applies
Loan Amount (20% dn)
$89,258
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 Monterville, WV?
The median home value in Monterville is $111,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Monterville?
Over the past year, home values in Monterville have increased by 9%.
How much do I need to earn to buy a home in Monterville?
To comfortably afford the median home price of $111,573 with a 20% down payment ($22,315) at today's rates (6.8%), you'd need a gross annual income of approximately $29,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Monterville compare to the national average home price?
The national median home value is approximately $410,000. At $111,573, homes in Monterville are 73% below the national average.
What metro area is Monterville part of?
Monterville is part of the Elkins, WV metropolitan area. Home prices and market conditions can vary across the broader metro region.