Clarksburg appreciation rates and housing market information

Clarksburg housing market information

With 16,542 people, 8,611 houses or apartments, and a median cost of homes of $100,539, house prices in Clarksburg are solidly below the national average.

single-family detached homes are the single most common housing type in Clarksburg, accounting for 74.34% of the city's housing units. Other types of housing that are prevalent in Clarksburg include duplexes, homes converted to apartments, or other small apartment buildings (12.51%), large apartment complexes or high rise apartments (10.25%), row houses and other attached homes (1.88%), and a few mobile homes or trailers (1.02%).

People in Clarksburg primarily live in small (one, two, or no bedroom) single-family detached homes. Clarksburg has a mixture of owner-occupied and renter-occupied housing.

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. Clarksburg's housing was primarily built during this period, from the '40s through the '60s. A full 44.88% of the city's housing hails from this era. Other housing ages represented in Clarksburg include homes built between 1939 and earlier (43.30%), and housing constructed from 1970-1994 (10.00%). There's also some housing in Clarksburg built between 1995 and later (1.82%).

Vacant housing appears to be an issue in Clarksburg. Fully 14.12% of the housing stock is classified as vacant. Left unchecked, vacant Clarksburg homes and apartments can be a drag on the real estate market, holding Clarksburg 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.

Clarksburg home appreciation rates

Clarksburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clarksburg during the period has been just 5.84%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Clarksburg home appreciation rates, at 1.10%, have been at or slightly above the national average. In the latest quarter, Clarksburg's appreciation rate has been 1.03%, which annualizes to a rate of 4.12%.

Relative to West Virginia, our data show that Clarksburg'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 Clarksburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clarksburg - 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 Clarksburg real estate investment or home purchase decisions.