Parkersburg appreciation rates and housing market information

Parkersburg housing market information

With a population of 33,158, 16,078 total housing units (homes and apartments), and a median house value of $102,812, house prices in Parkersburg are solidly below the national average.

single-family detached homes are the single most common housing type in Parkersburg, accounting for 72.25% of the city's housing units. Other types of housing that are prevalent in Parkersburg include duplexes, homes converted to apartments, or other small apartment buildings (12.99%), large apartment complexes or high rise apartments (11.84%), mobile homes or trailers (1.88%), and a few row houses and other attached homes (1.03%).

The most prevalent building size and type in Parkersburg are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 55.74% owning, and 34.34% 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. Parkersburg's housing was primarily built during this period, from the '40s through the '60s. A full 47.73% of the city's housing hails from this era. Other housing ages represented in Parkersburg include homes built between 1939 and earlier (30.76%), and housing constructed from 1970-1994 (18.39%). There's also some housing in Parkersburg built between 1995 and later (3.12%).

Parkersburg home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Parkersburg, where house values have increased just 34.11%, which is an average annual increase of 3.41%. NeighborhoodScout's data show that in the latest quarter, Parkersburg house values appreciated 1.27%, which is an annualized rate of 5.08%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Parkersburg home appreciation rates, at 0.98%, have been at or slightly above the national average. In the latest quarter, Parkersburg's appreciation rate has been 1.27%, which annualizes to a rate of 5.08%.

Relative to West Virginia, our data show that Parkersburg's latest annual appreciation rate is higher than 42% 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 Parkersburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Parkersburg - 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 Parkersburg real estate investment or home purchase decisions.