The state of West Virginia has an average price of real estate at $141,602 and ranked first for the lowest cost of living in the nation. Due to its affordability, West Virginia is a sought-after location for budget-conscious business owners, first-time homebuyers, and beginner investors.
West Virginia is known for scenic mountainscapes and vast rivers in the Appalachian Mountain region, offering residential countryside properties and outdoor recreational sectors.
The Mountain State's thriving commercial industries include agriculture and chemical because of its rural lands and natural gas fields. West Virginia is also small business friendly with incentives to start and grow your startup locally.
With a population of almost two million and lower property pricing, West Virginia provides attainable opportunities for real estate investments.
The state capital, Charleston, is the most populous city in West Virginia and offers tax incentives for real estate investments. The government-backed program encourages long-term commercial and residential property investments in low-income urban and rural communities.
It's designed to provide community development capital in areas that haven't had much access before. Restoring mixed-use properties and residences in Charleston may qualify you for permanent exemption from future capital gains tax.
Morgantown is another popular city as it's home to West Virginia University, providing consistent student demands for rental housing near campus.
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