Housing in the Fairmont, WV Metro Area has seen an appreciation of 9.48% over the past year, which is higher than the national average of 8.27%. The median value for homes in this area is $151,200, which is much lower than the national median value of $338,100. Despite the lower median value of housing in this area compared to the rest of the United States, home values have still increased significantly over 2019. This appreciation highlights the potential for investment in this area and shows that it can be an attractive place to purchase a property.
The median home cost in Fairmont Metro Area is $151,200. Home appreciation the last 10 years has been 50.2%. Home Appreciation in Fairmont Metro Area is up 12.4%.
Average Age of Homes
- The median age of Fairmont Metro Area real estate is 58 years old
The Rental Market in Fairmont Metro Area
- Renters make up 19.4% of the Fairmont Metro Area population
- 1.3% of houses and apartments in Fairmont Metro Area, 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.