Lewisburg appreciation rates and housing market information

Lewisburg housing market information

With 3,705 people, 1,917 houses or apartments, and a median cost of homes of $216,476, Lewisburg real estate is some of the most expensive in West Virginia, although Lewisburg home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Lewisburg, accounting for 67.45% of the city's housing units. Other types of housing that are prevalent in Lewisburg include large apartment complexes or high rise apartments (20.29%), duplexes, homes converted to apartments, or other small apartment buildings (8.92%), and a few row houses and other attached homes (3.34%).

The most prevalent building size and type in Lewisburg are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.85% owning, and 34.90% renting.

There is a lot of housing in Lewisburg built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lewisburg built from 1940-1969 (30.46%). A lesser amount of the housing stock also hails from 1939 and earlier (14.45%), and some were built from 1995 and later (14.45%).

Lewisburg home appreciation rates

Real estate appreciation rates in Lewisburg have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.43% during the period.

Appreciation rates are so strong in Lewisburg that despite a nationwide downturn in the housing market, Lewisburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewisburg appreciation rates continue to be some of the highest in America, at 2.69%, which is higher than appreciation rates in 72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewisburg. Lewisburg appreciation rates in the latest quarter were at 1.43%, which equates to an annual appreciation rate of 5.72%.

Relative to West Virginia, our data show that Lewisburg's latest annual appreciation rate is higher than 77% of the other cities and towns in West Virginia.