Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,808, 881 total housing units (homes and apartments), and a median house value of $154,731, the cost of homes in St. Marys is among some of the lowest in the nation. Compared to West Virginia, however, St. Marys real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in St. Marys, accounting for 72.28% of the city's housing units. Other types of housing that are prevalent in St. Marys include duplexes, homes converted to apartments or other small apartment buildings ( 13.58%), mobile homes or trailers ( 12.28%), and a few large apartment complexes or high rise apartments ( 1.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in St. Marys. Owner-occupied housing accounts for 86.95% of St. Marys's homes, and 57.40% have either three or four bedrooms, which is average sized relative to America.
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. St. Marys's housing was primarily built during this period, from the '40s through the '60s. A full 39.26% of the city's housing hails from this era. Other housing ages represented in St. Marys include homes built before 1939 ( 30.05%) and housing constructed between 1970-1999 ( 20.93%). There's also some housing in St. Marys built between 2000 and later ( 9.77%).
Vacant housing appears to be an issue in St. Marys. Fully 18.05% of the housing stock is classified as vacant. Left unchecked, vacant St. Marys homes and apartments can be a drag on the real estate market, holding St. Marys 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in St. Marys, where house values have increased just 47.87%, which is annualized rate of 3.99%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, St. Marys's appreciation rate, at 6.04%, has been at or slightly above the national average. In the latest quarter, St. Marys's appreciation rate has been 4.64%, which annualizes to a rate of 19.90%.
Importantly, this makes St. Marys one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to West Virginia, our data show that St. Marys's latest annual appreciation rate is lower than 50% of the other cities and towns in West Virginia.
$154,731
for West virginia
for nation
881
$996 / per month