The housing market in Philippi, WV is strong and continues to appreciate steadily. The median value of a house in Philippi is $116,900, significantly lower than the US median value of $338,100. Despite its lower price point, over the past year the housing market in Philippi has appreciated by 9.82%, higher than the national appreciation rate of 8.27%. This makes it an attractive location for those looking for affordable options that still offer potential for positive returns.
The median home cost in Philippi is $116,900. Home appreciation the last 10 years has been 44.6%. Home Appreciation in Philippi is up 12.1%.
Average Age of Homes
- The median age of Philippi real estate is 57 years old
The Rental Market in Philippi
- Renters make up 38.4% of the Philippi population
- 2.9% of houses and apartments in Philippi, 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.