The housing market in Nitro, WV is thriving. The median value of homes in the city is $121,400, which is significantly lower than the US median of $338,100. Despite the difference in price points, however, Nitro has experienced a positive 1 year appreciation rate of 8.38%, which is slightly higher than the US average of 8.27%. This indicates that there is significant interest in the area's housing market and could mean potential for future growth.
The median home cost in Nitro is $121,400. Home appreciation the last 10 years has been 35.2%. Home Appreciation in Nitro is up 9.5%.
Average Age of Homes
- The median age of Nitro real estate is 57 years old
The Rental Market in Nitro
- Renters make up 27.5% of the Nitro population
- 4.3% of houses and apartments in Nitro, 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.