Market Overview
Home Prices in Romney, WV
The median home value in Romney, WV is $240,193 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% 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 Romney are priced41% below average. Romney is part of the Winchester, VA-WV metro area.
Over the past five years, Romney home values have risen by approximately32.7%, reflecting strong long-term appreciation in this market.
Price History
Romney Home Price Trend
City Comparison
Romney vs. National Median
At $240,193, homes in Romney cost 41% below the national median of $410,000. This makes Romney a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Romney?
20% Down Payment
$48,039
on $240,193
Monthly P&I
$1,253/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,591/mo
incl. taxes & insurance
Income Needed
$63,640
gross annual (30% rule)
10% Down Option
$24,019
+ PMI applies
Loan Amount (20% dn)
$192,154
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 Romney, WV?
The median home value in Romney is $240,193 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Romney?
Over the past year, home values in Romney have increased by 1.6%. Over five years, prices have risen approximately 32.7%.
How much do I need to earn to buy a home in Romney?
To comfortably afford the median home price of $240,193 with a 20% down payment ($48,039) at today's rates (6.8%), you'd need a gross annual income of approximately $63,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Romney compare to the national average home price?
The national median home value is approximately $410,000. At $240,193, homes in Romney are 41% below the national average.
What metro area is Romney part of?
Romney is part of the Winchester, VA-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.