Beckley, West Virginia, located in the southern part of West Virginia, is known for its beautiful natural surroundings, outdoor recreational opportunities, and rich history and cultural heritage. While Beckley is primarily known for its small-town charm and affordable housing options, the area also boasts a selection of luxurious, high-end houses for sale in Beckley WV that are worth $750,000 to over a million dollars.
How much money do you need to make to afford a million dollar house in Beckley West Virginia?
Betty J. Moore and Associates estimates the payment on a million dollar home in Beckley WV area would be around $6,256 a month. This is based upon a 20% down payment, a 30 year conventional mortgage at today’s national average interest rate of 6.45%, a property tax rate of 1.25%, and an average monthly insurance payment of $200. In order to qualify for a mortgage with these terms you would need to have a gross income of at least $195,000 a year or $16,300 a month, dependent on your other debt to income ratio. Check with your bank and mortgage lender to discuss your needs and get pre-qualified.
While that may seem to be a lot of money to some, in a two wage earner family with each person making at least $100,000 a year, you could easily qualify for this loan and afford a million dollar Beckley home. But even if this is more than you want to spend for a house for sale in Beckley there are homes available in every price range such as houses for sale in Beckley under $250,000, houses for sale in Beckley between $250,000 and $500,000, and houses for sale in Beckley between $500,000 to $750,000. No matter what price range of Beckley Homes For Sale you desire, REALTORS at Betty j. Moore and Associates can help you find the Beckley home of you dreams.
While Beckley may not be known for its high-end real estate market, these luxury homes are a testament to the fact that the area has much to offer for those looking for a high-end living experience. With their stunning design and top-of-the-line amenities, these $750,000 to over a million-dollar homes offer a level of luxury and comfort that is unmatched in the Beckley WV Real estate Market.
In conclusion, Beckley, West Virginia is known for its small-town charm and affordable housing options. However, the city also boasts a selection of luxurious, high-end homes that are worth millions of dollars. These homes are perfect for those looking for a high-end living experience in the Beckley WV Real estate market that offers a unique blend of natural beauty, outdoor adventure, and cultural heritage.