The housing market in Montgomery, WV is an excellent option for potential buyers. The median value of houses in the area is $86,100 which is much lower than the US house median value of $338,100. Though the appreciation rate of houses in Montgomery, WV has only slightly edged out the US 1 year house appreciation rate at 8.38% compared to 8.27%, this could indicate that now is a great time for buyers to purchase in the area.
The median home cost in Montgomery is $86,100. Home appreciation the last 10 years has been 35.2%. Home Appreciation in Montgomery is up 9.5%.
Average Age of Homes
- The median age of Montgomery real estate is 59 years old
The Rental Market in Montgomery
- Renters make up 42.7% of the Montgomery population
- 9.0% of houses and apartments in Montgomery, 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.