The housing market in Follansbee, WV is relatively affordable compared to the US median value of $338,100. The median value of houses in Follansbee is $110,500 which is a considerable difference. The 1 year house appreciation rate in Follansbee is 9.48%, higher than the national rate of 8.27%. This indicates that there is strong demand for housing in Follansbee and that it is a good place to invest in real estate for those looking to buy or rent out property.
The median home cost in Follansbee is $110,500. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Follansbee is up 8.1%.
Average Age of Homes
- The median age of Follansbee real estate is 62 years old
The Rental Market in Follansbee
- Renters make up 29.2% of the Follansbee population
- 0.0% of houses and apartments in Follansbee, 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.