Lost Creek appreciation rates and housing market information

Lost Creek housing market information

With 466 people, 205 houses or apartments, and a median cost of homes of $92,890,

single-family detached homes are the single most common housing type in Lost Creek, accounting for 79.02% of the town's housing units. Other types of housing that are prevalent in Lost Creek include mobile homes or trailers (20.00%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.98%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Lost Creek. Owner-occupied housing accounts for 60.97% of Lost Creek's homes, and 66.34% have either three or four bedrooms, which is average sized relative to America.

The housing in Lost Creek was primarily built before 1939 (52.68%), making the housing stock in Lost Creek some of the older overall in America, although there is a range of ages of homes in Lost Creek. The next most important Lost Creek housing age is 1970-1994 (18.54%), followed by 1940-1969 (17.56%). There's also some housing in Lost Creek built between 1995 and later (11.22%).

Vacant housing appears to be an issue in Lost Creek. Fully 10.74% of the housing stock is classified as vacant. Left unchecked, vacant Lost Creek homes and apartments can be a drag on the real estate market, holding Lost Creek 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.

Lost Creek home appreciation rates

In the last 10 years, Lost Creek has experienced some of the highest home appreciation rates of any community in the nation. Lost Creek real estate appreciated 110.49% over the last ten years, which is an average annual home appreciation rate of 11.04%, putting Lost Creek in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lost Creek definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Lost Creek that despite a nationwide downturn in the housing market, Lost Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lost Creek appreciation rates continue to be some of the highest in America, at 6.30%, which is higher than appreciation rates in 95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lost Creek. Lost Creek appreciation rates in the latest quarter were at 2.33%, which equates to an annual appreciation rate of 9.32%.

Importantly, this makes Lost Creek one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to West Virginia, our data show that Lost Creek's latest annual appreciation rate is higher than 98% of the other cities and towns in West Virginia.