Market Overview
Home Prices in Parsons, WV
The median home value in Parsons, WV is $142,472 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and down 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parsons are priced65% below average.
Over the past five years, Parsons home values have risen by approximately14.4%, reflecting steady appreciation in this market.
Price History
Parsons Home Price Trend
2020
$103,120
$103K
—
2021
$124,571
$125K
+20.8%
2022
$136,587
$137K
+9.6%
2023
$138,311
$138K
+1.3%
2024
$154,597
$155K
+11.8%
2025
$144,253
$144K
-6.7%
2026
$142,472
$142K
-1.2%
City Comparison
Parsons vs. National Median
🏠 Parsons
$142,472
National Median
$410,000
At $142,472, homes in Parsons cost 65% below the national median of $410,000. This makes Parsons a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parsons?
20% Down Payment
$28,494
on $142,472
Monthly P&I
$743/mo
30-yr @ 6.8%
Total Monthly Est.
~$944/mo
incl. taxes & insurance
Income Needed
$37,760
gross annual (30% rule)
10% Down Option
$14,247
+ PMI applies
Loan Amount (20% dn)
$113,978
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 Parsons, WV?
The median home value in Parsons is $142,472 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Parsons?
Over the past year, home values in Parsons have decreased by 1.2%. Over five years, prices have risen approximately 14.4%.
How much do I need to earn to buy a home in Parsons?
To comfortably afford the median home price of $142,472 with a 20% down payment ($28,494) at today's rates (6.8%), you'd need a gross annual income of approximately $37,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Parsons compare to the national average home price?
The national median home value is approximately $410,000. At $142,472, homes in Parsons are 65% below the national average.