Weirton appreciation rates and housing market information

Weirton housing market information

With 20,376 people, 9,547 houses or apartments, and a median cost of homes of $112,620, house prices in Weirton are solidly below the national average.

single-family detached homes are the single most common housing type in Weirton, accounting for 77.63% of the city's housing units. Other types of housing that are prevalent in Weirton include duplexes, homes converted to apartments, or other small apartment buildings (10.86%), large apartment complexes or high rise apartments (9.24%), and a few row houses and other attached homes (2.04%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Weirton. Owner-occupied housing accounts for 67.81% of Weirton's homes, and 58.23% 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. Weirton's housing was primarily built during this period, from the '40s through the '60s. A full 62.82% of the city's housing hails from this era. Other housing ages represented in Weirton include homes built between 1970-1994 (20.16%), and housing constructed from 1939 and earlier (14.71%). There's also some housing in Weirton built between 1995 and later (2.31%).

Weirton home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Weirton, where house values have increased just 38.35%, which is an average annual increase of 3.83%. NeighborhoodScout's data show that in the latest quarter, Weirton house values appreciated 5.61%, which is an annualized rate of 22.44%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Weirton home appreciation rates, at 0.28%, have been at or slightly above the national average. In the latest quarter, Weirton's appreciation rate has been 5.61%, which annualizes to a rate of 22.44%.

Importantly, this makes Weirton 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 Weirton's latest annual appreciation rate is higher than 25% 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 Weirton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Weirton - 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 Weirton real estate investment or home purchase decisions.