The housing market in Lumberport, WV is strong and growing. According to recent data, the median value of housing in the area is $102,600, which is lower than the US median value of $338,100. However, the one year house appreciation rate in Lumberport was 9.82%, much higher than the nationwide rate of 8.27%. This indicates that values are increasing rapidly in this region and it may be a great time to invest in real estate. With the current market conditions and promising outlook for appreciation rates, now is an ideal time to purchase property in Lumberport.
The median home cost in Lumberport is $102,600. Home appreciation the last 10 years has been 44.6%. Home Appreciation in Lumberport is up 12.1%.
Average Age of Homes
- The median age of Lumberport real estate is 67 years old
The Rental Market in Lumberport
- Renters make up 25.4% of the Lumberport population
- 4.2% of houses and apartments in Lumberport, 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.