Market Overview
Home Prices in Paw Paw, WV
The median home value in Paw Paw, WV is $247,078 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paw Paw are priced40% below average. Paw Paw is part of the Winchester, VA-WV metro area.
Over the past five years, Paw Paw home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Paw Paw Home Price Trend
City Comparison
Paw Paw vs. National Median
At $247,078, homes in Paw Paw cost 40% below the national median of $410,000. This makes Paw Paw a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Paw Paw?
20% Down Payment
$49,416
on $247,078
Monthly P&I
$1,289/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,637/mo
incl. taxes & insurance
Income Needed
$65,480
gross annual (30% rule)
10% Down Option
$24,708
+ PMI applies
Loan Amount (20% dn)
$197,662
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 Paw Paw, WV?
The median home value in Paw Paw is $247,078 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Paw Paw?
Over the past year, home values in Paw Paw have increased by 1.7%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Paw Paw?
To comfortably afford the median home price of $247,078 with a 20% down payment ($49,416) at today's rates (6.8%), you'd need a gross annual income of approximately $65,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Paw Paw compare to the national average home price?
The national median home value is approximately $410,000. At $247,078, homes in Paw Paw are 40% below the national average.
What metro area is Paw Paw part of?
Paw Paw is part of the Winchester, VA-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.