Major towns in Virginia Shenandoah Valley, Appalachia or Highlands:
- Blacksburg: $288,200 (+0.6%)
- Bristol: $112,200 (-1.7%)
- Edinburg: $185,400 (+12.1%)
- Front Royal: $208,500 (+8.0%)
- Harrisonburg: $197,400 (+0.6%)
- Hot Springs: $131,800 (+9.6%)
- Lexington: $203,600 (-19.4%)
- Luray: $162,300 (-1.6%)
- Monterey: $162,500 (+6.3%)
- Roanoke: $133,200 (-0.4%)
- Rose Hill: $65,400 (+81.7%)
- Salem: $176,800 (+1.6%)
- Staunton: $164,800 (+1.4%)
- Winchester: $236,800 (+4.7%)
- Wise: $132,400 (+13.1%)
A good border town case study:
(A) Bluefield, Virginia: $108,600 (-13.2%)
(B) Bluefield, West Virginia: $84,900 (+10.8%)
So we can say that living in Virginia comes with a $25k premium based on this example.
For the average D.C. person, there's no world I can imagine where they'd choose to live in WV and save $25k + $12k incentive. $37k is not that much money considering the average home in the metro goes up by that amount each year. And $37k is nowhere near enough savings to justify living in a deeply Republican state.
Any D.C. person who really wanted to live cheap could pick a place in Virginia's Appalachia, where prices are <$100k and you get to live in a blue state. So no benefit if that's your strategy either. Roanoke is a nice town and is as cheap as many of these WV cities.
I would take advantage only if I wanted to buy a second home near New River Gorge NP, which is truly beautiful.