The housing market in Piedmont, WV is thriving despite its lower median value when compared to the national average. The US median house value is $338,100, while the median house value in Piedmont only stands at $50,700. Despite this large difference in values, the recent one year appreciation rate of 17.95% for housing in Piedmont is greater than the national rate of 8.27%. This suggests that there are a number of factors favoring increased home values in this locality including local development projects and low unemployment rates.
The median home cost in Piedmont is $50,700. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Piedmont is up 11.6%.
Average Age of Homes
- The median age of Piedmont real estate is 78 years old
The Rental Market in Piedmont
- Renters make up 41.0% of the Piedmont population
- 1.4% of houses and apartments in Piedmont, 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.