Charles Town appreciation rates and housing market information

Charles Town housing market information

With 3,042 people, 1,411 houses or apartments, and a median cost of homes of $270,947, Charles Town real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Charles Town, accounting for 62.22% of the city's housing units. Other types of housing that are prevalent in Charles Town include large apartment complexes or high rise apartments (21.62%), duplexes, homes converted to apartments, or other small apartment buildings (11.34%), row houses and other attached homes (3.61%), and a few mobile homes or trailers (1.20%).

The most prevalent building size and type in Charles Town are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 50.11% owning, and 41.67% renting.

The housing in Charles Town was primarily built before 1939 (44.50%), making the housing stock in Charles Town some of the older overall in America, although there is a range of ages of homes in Charles Town. The next most important Charles Town housing age is 1940-1969 (27.43%), followed by 1970-1994 (25.16%). There's also some housing in Charles Town built between 1995 and later (2.91%).

Charles Town home appreciation rates

In the last 10 years, Charles Town has experienced some of the highest home appreciation rates of any community in the nation. Charles Town real estate appreciated 129.68% over the last ten years, which is an average annual home appreciation rate of 12.96%, putting Charles Town in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Charles Town definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Charles Town appreciation rates have trailed the rest of the nation. In the last twelve months, Charles Town's appreciation rate has been -8.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charles Town were at -0.16%, which equates to an annual appreciation rate of -0.64%.

Relative to West Virginia, our data show that Charles Town's latest annual appreciation rate is higher than 2% of the other cities and towns in West Virginia.