Beckley appreciation rates and housing market information

Beckley housing market information

With a population of 17,425, 8,736 total housing units (homes and apartments), and a median house value of $122,176, house prices in Beckley are solidly below the national average.

single-family detached homes are the single most common housing type in Beckley, accounting for 74.38% of the city's housing units. Other types of housing that are prevalent in Beckley include large apartment complexes or high rise apartments (13.75%), duplexes, homes converted to apartments, or other small apartment buildings (7.19%), row houses and other attached homes (3.18%), and a few mobile homes or trailers (1.50%).

The most prevalent building size and type in Beckley are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 55.72% owning, and 31.79% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beckley's housing was primarily built during this period, from the '40s through the '60s. A full 55.04% of the city's housing hails from this era. Other housing ages represented in Beckley include homes built between 1970-1994 (24.02%), and housing constructed from 1939 and earlier (17.68%). There's also some housing in Beckley built between 1995 and later (3.26%).

Vacant housing appears to be an issue in Beckley. Fully 12.49% of the housing stock is classified as vacant. Left unchecked, vacant Beckley homes and apartments can be a drag on the real estate market, holding Beckley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Beckley home appreciation rates

Beckley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beckley during the period has been just 5.87%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Beckley home appreciation rates, at 1.12%, have been at or slightly above the national average. In the latest quarter, Beckley's appreciation rate has been 1.04%, which annualizes to a rate of 4.16%.

Relative to West Virginia, our data show that Beckley's latest annual appreciation rate is higher than 46% of the other cities and towns in West Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beckley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beckley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Beckley real estate investment or home purchase decisions.