Saint Albans appreciation rates and housing market information

Saint Albans housing market information

With 25,012 people, 2,322 houses or apartments, and a median cost of homes of $88,207,

single-family detached homes are the single most common housing type in Saint Albans, accounting for 63.18% of the town's housing units. Other types of housing that are prevalent in Saint Albans include mobile homes or trailers (14.47%), duplexes, homes converted to apartments, or other small apartment buildings (13.70%), large apartment complexes or high rise apartments (5.43%), and a few row houses and other attached homes (3.23%).

People in Saint Albans primarily live in small (one, two, or no bedroom) single-family detached homes. Saint Albans 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. Saint Albans's housing was primarily built during this period, from the '40s through the '60s. A full 62.79% of the town's housing hails from this era. Other housing ages represented in Saint Albans include homes built between 1970-1994 (23.90%), and housing constructed from 1939 and earlier (10.60%). There's also some housing in Saint Albans built between 1995 and later (2.71%).

Saint Albans home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Saint Albans, where house values have increased just 20.68%, which is an average annual increase of 2.06%. NeighborhoodScout's data show that in the latest quarter, Saint Albans house values appreciated 0.74%, which is an annualized rate of 2.96%. This rate is lower than the appreciation rate found in 40% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Saint Albans home appreciation rates, at 0.90%, have been at or slightly above the national average. In the latest quarter, Saint Albans's appreciation rate has been 0.74%, which annualizes to a rate of 2.96%.

Relative to West Virginia, our data show that Saint Albans's latest annual appreciation rate is higher than 39% of the other cities and towns in West Virginia.