The housing market in West Virginia State is becoming increasingly valuable. The median value of a house in the state stands at $139,700 and is far below the median US house value of $338,100. Despite this gap in price, houses in West Virginia State have seen an appreciation rate of 8.97% over the past year, which is higher than the national average of 8.27%. These figures point to a steady growth in housing values within the state and suggest that investing in property here may be an appealing option for many buyers.
The median home cost in West Virginia is $139,700. Home appreciation the last 10 years has been 49.5%. Home Appreciation in West Virginia is up 12.3%.
Average Age of Homes
- The median age of West Virginia real estate is 43 years old
The Rental Market in West Virginia
- Renters make up 22.7% of the West Virginia population
- 1.7% of houses and apartments in West Virginia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.