I grew up in Pennsboro (nearby Ritchie Co) about 30 miles away and use to run around P-burg. I left the area in 1985, but visited my folks who live in P-burg. The 2 main (and biggest) schools in town are Parkersburg High and Parkersburg South. There also is a smaller (private I think) called Parkersburg Catholic that was a good school at the time.
As for entertaiment, I'm not sure what you are looking for. For big name concerts, you'll usually have to drive to Charleston or Huntington, WV or Columbus, OH. The area has some fairs that will get some names in sometimes. The Ohio river is nearby for fishing and a newer lake has been built at North Bend St Park near Harrisville in Ritchie Co. I saw it in it's early stages of filling up and it has some awesome structure when hardwoods started flooding. Ritchie and Wirt Co isn't far a drive and you should be able to get some land and a house for a decent price. Marietta is across the river and was a decent place, but can't speak for it. OH will have the better hunting for nice bucks. WV has quantity. I don't think Ohio's non-res licenses are bad compared to other states I've seen. I'd check into the taxes of each state though. And I'd see how much traffic there is if living across the river. The bridges could be a bottleneck, but not sure.
As for an archery shop, can't help you there. There was a decent place on the northeast end of town (can't remember the name) that had a 3D range behind the store that I shot at while visiting in the late 90's. Just google and you should find out plenty.