Rainelle, WV has a median housing value of $73,800, considerably lower than the US House Median Value of $338,100. In the past year, house appreciation in Rainelle was 3.38%, significantly lower than the national average of 8.27%. This indicates that Rainelle is not a particularly attractive market for real estate investments or residential housing. Despite this lower value and appreciation rate, however, Rainelle still continues to attract those seeking affordable housing compared to other towns and cities in the US.
The median home cost in Rainelle is $73,800. Home appreciation the last 10 years has been 31.8%. Home Appreciation in Rainelle is up 8.7%.
Average Age of Homes
- The median age of Rainelle real estate is 69 years old
The Rental Market in Rainelle
- Renters make up 27.4% of the Rainelle population
- 6.0% of houses and apartments in Rainelle, 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.