Market Overview
Home Prices in Petroleum, WV
The median home value in Petroleum, WV is $120,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.6% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Petroleum are priced71% below average.
Over the past five years, Petroleum home values have fallen by approximately6.4%, reflecting softening conditions in this market.
Price History
Petroleum Home Price Trend
2020
$104,890
$105K
—
2021
$128,846
$129K
+22.8%
2022
$137,321
$137K
+6.6%
2023
$135,092
$135K
-1.6%
2024
$132,997
$133K
-1.6%
2025
$130,569
$131K
-1.8%
2026
$120,618
$121K
-7.6%
City Comparison
Petroleum vs. National Median
🏠 Petroleum
$120,618
National Median
$410,000
At $120,618, homes in Petroleum cost 71% below the national median of $410,000. This makes Petroleum a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Petroleum?
20% Down Payment
$24,124
on $120,618
Monthly P&I
$629/mo
30-yr @ 6.8%
Total Monthly Est.
~$799/mo
incl. taxes & insurance
Income Needed
$31,960
gross annual (30% rule)
10% Down Option
$12,062
+ PMI applies
Loan Amount (20% dn)
$96,494
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 Petroleum, WV?
The median home value in Petroleum is $120,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.6% year-over-year.
How much have home prices changed in Petroleum?
Over the past year, home values in Petroleum have decreased by 7.6%. Over five years, prices have fallen approximately 6.4%.
How much do I need to earn to buy a home in Petroleum?
To comfortably afford the median home price of $120,618 with a 20% down payment ($24,124) at today's rates (6.8%), you'd need a gross annual income of approximately $31,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Petroleum compare to the national average home price?
The national median home value is approximately $410,000. At $120,618, homes in Petroleum are 71% below the national average.