Clarksburg, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Clarksburg, WV Housing Market Trends

With 15,225 people, 6,154 houses or apartments, and a median cost of homes of $107,820, the cost of homes in Clarksburg is among some of the lowest in the nation. Compared to West Virginia, however, Clarksburg real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Clarksburg, accounting for 77.21% of the city's housing units. Other types of housing that are prevalent in Clarksburg include large apartment complexes or high rise apartments ( 10.72%), duplexes, homes converted to apartments or other small apartment buildings ( 10.19%), and a few row houses and other attached homes ( 1.03%).

The most prevalent building size and type in Clarksburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.41% owning and 38.59% 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. Clarksburg's housing was primarily built during this period, from the '40s through the '60s. A full 45.90% of the city's housing hails from this era. Other housing ages represented in Clarksburg include homes built before 1939 ( 37.45%) and housing constructed between 1970-1999 ( 14.46%). There's also some housing in Clarksburg built between 2000 and later ( 2.19%).

Vacant housing appears to be an issue in Clarksburg. Fully 16.31% of the housing stock is classified as vacant. Left unchecked, vacant Clarksburg homes and apartments can be a drag on the real estate market, holding Clarksburg 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.

Clarksburg Home Appreciation Rates

Appreciation rates for homes in Clarksburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 33.70%, which ranks in the top 50% nationwide. This equates to an annual average Clarksburg house appreciation rate of 2.95%.

Over the last year, Clarksburg appreciation rates have trailed the rest of the nation. In the last twelve months, Clarksburg's appreciation rate has been 4.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clarksburg were at 0.52%, which equates to an annual appreciation rate of 2.10%.

Notably, Clarksburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to West Virginia, our data show that Clarksburg's latest annual appreciation rate is lower than 50% 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 Clarksburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clarksburg - 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 Clarksburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$107,820

Clarksburg, WV HOME PRICES

> $1,119,000
0.5%
0.5%
$839,001 - $1,119,000
0.3%
0.3%
$559,001 - $839,000
1.2%
1.2%
$447,001 - $559,000
0.5%
0.5%
$336,001 - $447,000
3.1%
3.1%
$224,001 - $336,000
10.4%
10.4%
$112,001 - $224,000
28.1%
28.1%
$56,001 - $112,000
35.9%
35.9%
$0 - $56,000
20.0%
20.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Average for WV

Value Relative To Nation

Number Of Homes And Apartments:
6,154

Clarksburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
68.43% 2.51%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$996 / per month

Homeownership Rate

Owners
61.4%
61.4%
Renters
38.6%
38.6%
Vacant
16.3%
16.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.2%
2.2%
1970 - 1999
14.5%
14.5%
1940 - 1969
45.9%
45.9%
1939 or Older
37.5%
37.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.2%
77.2%
Townhomes
1.0%
1.0%
Small Apt. Buildings
10.2%
10.2%
Apt. Complexes
10.7%
10.7%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.9%
7.9%
1 Bedroom
10.5%
10.5%
2 Bedrooms
30.1%
30.1%
3 Bedrooms
34.7%
34.7%
4 Bedrooms
14.1%
14.1%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES