West Virginia courts energy, tech investments
Driving economic growth
West Virginia is focusing on attracting high-impact industrial businesses and data centers, supported by new legislation like House Bill 2014. Major energy projects, such as FirstEnergy's proposed $2.5 billion natural gas power plant and a $1.2 billion natural gas plant in Harrison County, are expected to create thousands of construction jobs. The state also launched the "50 by 50" initiative to increase its energy generation capacity and prepare for advanced industries.
Housing market shifts
West Virginia's housing market saw home prices increase by 5.6% year-over-year in March 2026. Median home values range from approximately $155,000 to $243,000, with an expected appreciation of 2-4% through 2026. However, some areas like Charleston, Morgantown, and Fairmont are projected to experience slight declines or stagnation in home prices.
Migration patterns
West Virginia ranked as a top inbound state in 2025, with 62% of moves into the state, according to United Van Lines. This migration is often attributed to individuals seeking affordability and outdoor living. The Eastern Panhandle, including Berkeley and Jefferson counties, has seen significant inbound migration, partly due to its proximity to larger economic hubs.
Headwinds
Despite inbound migration, West Virginia's overall population declined by 1,300 residents between 2024 and 2025, primarily due to deaths outpacing births. The state's labor market experienced a slight deterioration in February 2026, with payroll employment declining and the unemployment rate ticking up to 4.7%. Industries like government, trade, transportation, utilities, and leisure and hospitality saw job losses.
Key facts
- West Virginia secured over $4.5 billion in private investment in 2025, projecting more than 5,000 new jobs. (The Intelligencer, December 2025)
- Home prices in West Virginia were up 5.6% year-over-year in March 2026. (Redfin, March 2026)
- West Virginia was the second-leading inbound state in the U.S. in 2025, with 62% of moves coming into the state. (United Van Lines, December 2025)
- The state's unemployment rate ticked up to 4.7% in February 2026. (Federal Reserve Bank of Richmond, February 2026)
- West Virginia's population declined by 1,300 residents between 2024 and 2025. (USAFacts, February 2025)