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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Charles Town, WV Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Charles Town, WV Housing Market Trends

With a population of 7,126, 2,553 total housing units (homes and apartments), and a median house value of $435,540, Charles Town real estate is some of the most expensive in West Virginia, although Charles Town home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Charles Town, accounting for 76.20% of the city's housing units. Other types of housing that are prevalent in Charles Town include large apartment complexes or high rise apartments ( 13.98%), row houses and other attached homes ( 7.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Charles Town. Owner-occupied housing accounts for 69.85% of Charles Town's homes, and 67.07% have either three or four bedrooms, which is average sized relative to America.

Charles Town homes and real estate are some of the newest in America. 47.50% of Charles Town's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Charles Town real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 21.04%), and between 1970-1999 ( 19.90%). There's also some housing in Charles Town built between 1940-1969 ( 11.55%).

Charles Town Home Appreciation Rates

Charles Town's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Charles Town during the period has been just 4.92%, which is lower than 70% of US communities.

Over the last year, Charles Town appreciation rates have trailed the rest of the nation. In the last twelve months, Charles Town's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charles Town were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to West Virginia, our data show that Charles Town's latest annual appreciation rate is lower than 80% 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 Charles Town differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Charles Town - 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 2000, to assist you in making the best Charles Town real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$435,540

Charles Town, WV Home Prices
> $1,255,000
$942,001 - $1,255,000
$628,001 - $942,000
$502,001 - $628,000
$377,001 - $502,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
1.3%
1.3%
0.8%
0.8%
7.0%
7.0%
13.5%
13.5%
28.2%
28.2%
33.1%
33.1%
13.4%
13.4%
0.6%
0.6%
2.0%
2.0%
0% 100.0%
% of Homes
Very High

for West virginia

High

for nation

Number of Homes And Apartments:

2,553

Charles Town Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,409 / per month

Homeownership Rate

Owners
Renters
69.8%
69.8%
30.2%
30.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
47.5%
47.5%
19.9%
19.9%
11.6%
11.6%
21.0%
21.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.2%
76.2%
7.6%
7.6%
2.0%
2.0%
14.0%
14.0%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
7.1%
7.1%
16.1%
16.1%
29.4%
29.4%
37.6%
37.6%
9.3%
9.3%
0% 100.0%
% of Homes