Market Overview
Home Prices in Palestine, WV
The median home value in Palestine, WV is $116,358 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.9% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palestine are priced72% below average. Palestine is part of the Parkersburg-Vienna, WV metro area.
Over the past five years, Palestine home values have risen by approximately3.7%, reflecting modest growth in this market.
Price History
Palestine Home Price Trend
City Comparison
Palestine vs. National Median
At $116,358, homes in Palestine cost 72% below the national median of $410,000. This makes Palestine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palestine?
20% Down Payment
$23,272
on $116,358
Monthly P&I
$607/mo
30-yr @ 6.8%
Total Monthly Est.
~$771/mo
incl. taxes & insurance
Income Needed
$30,840
gross annual (30% rule)
10% Down Option
$11,636
+ PMI applies
Loan Amount (20% dn)
$93,086
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 Palestine, WV?
The median home value in Palestine is $116,358 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.9% year-over-year.
How much have home prices changed in Palestine?
Over the past year, home values in Palestine have decreased by 8.9%. Over five years, prices have risen approximately 3.7%.
How much do I need to earn to buy a home in Palestine?
To comfortably afford the median home price of $116,358 with a 20% down payment ($23,272) at today's rates (6.8%), you'd need a gross annual income of approximately $30,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Palestine compare to the national average home price?
The national median home value is approximately $410,000. At $116,358, homes in Palestine are 72% below the national average.
What metro area is Palestine part of?
Palestine is part of the Parkersburg-Vienna, WV metropolitan area. Home prices and market conditions can vary across the broader metro region.