Cheat Lake, WV is a town with a great housing market. The median value of a house in Cheat Lake is $325,000 which is much lower than the US median value of $338,100. To make it even better, the appreciation rate of houses in Cheat Lake over the last year has been 19.23%, significantly higher than the US 1 year appreciation rate of 8.27%. This shows that investing in real estate in Cheat Lake is a great option and one that could reap rewards for those looking to buy or sell in the near future.
The median home cost in Cheat Lake is $325,000. Home appreciation the last 10 years has been 50.2%. Home Appreciation in Cheat Lake is up 12.4%.
Average Age of Homes
- The median age of Cheat Lake real estate is 24 years old
The Rental Market in Cheat Lake
- Renters make up 15.9% of the Cheat Lake population
- 0.6% of houses and apartments in Cheat Lake, 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.