The housing market in Shannondale, WV is quite strong with the median value of homes at $253,300. Although this is lower than the US median value of $338,100, it has still appreciated by 5.89% in the past year which is still a relatively healthy rate. In comparison, the US 1 year house appreciation rate was 8.27%. This indicates that while Shannondale may not have as much overall growth as other areas, it is still seeing an increase in home values and remains a strong market in which to invest.
The median home cost in Shannondale is $253,300. Home appreciation the last 10 years has been 87.1%. Home Appreciation in Shannondale is up 15.9%.
Average Age of Homes
- The median age of Shannondale real estate is 28 years old
The Rental Market in Shannondale
- Renters make up 11.8% of the Shannondale population
- 1.0% of houses and apartments in Shannondale, 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.