The housing market in Charleston, WV is a great investment with a current median value of $155,400. This is considerably lower than the US house median value of $338,100. While the US housing appreciation rate for the past year was 8.27%, the Charleston, WV area saw a more moderate appreciation rate of 4.43%. This trend makes this area an ideal place to invest in real estate as it gives homebuyers access to affordable prices and potential for increased value in the near future.
The median home cost in Charleston is $155,400. Home appreciation the last 10 years has been 30.0%. Home Appreciation in Charleston is up 6.7%.
Average Age of Homes
- The median age of Charleston real estate is 60 years old
The Rental Market in Charleston
- Renters make up 35.2% of the Charleston population
- 3.9% of houses and apartments in Charleston, 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.