The housing market in 24801 Welch, WV is doing well. The median value of homes in the area is $67,100, which is significantly lower than the US median value of $338,100. Despite this difference in costs, the 1 year house appreciation rate for 24801 Welch, WV stands at 9.82%, which is higher than the national 1 year house appreciation rate of 8.27%. These figures suggest that investing into a property in 24801 Welch, WV may be a wise decision as it not only offers an affordable entry point but also has good potential for capital growth.
The median home cost in Welch (zip 24801) is $67,100. Home appreciation the last 10 years has been 44.6%. Home Appreciation in Welch (zip 24801) is up 12.1%.
Average Age of Homes
- The median age of Welch (zip 24801) real estate is 62 years old
The Rental Market in Welch (zip 24801)
- Renters make up 23.7% of the Welch (zip 24801) population
- 0.8% of houses and apartments in Welch (zip 24801), 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.