The housing market in Ritchie, WV County is relatively more affordable than the national US average. The median value of houses in Ritchie, WV County is $93,800 which is approximately 72% less than the US median value of $338,100. Additionally, housing appreciation in Ritchie, WV County has been higher than the national rate over the past year at 9.30% compared to the US house appreciation rate of 8.27%. This indicates that housing prices are rising in Ritchie, WV County at a faster rate than the rest of the nation which could signal that it may become even more expensive to purchase a home in this area going forward.
The median home cost in Ritchie County is $93,800. Home appreciation the last 10 years has been 45.3%. Home Appreciation in Ritchie County is up 11.8%.
Average Age of Homes
- The median age of Ritchie County real estate is 46 years old
The Rental Market in Ritchie County
- Renters make up 14.5% of the Ritchie County population
- 0.3% of houses and apartments in Ritchie County, 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.