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
With 47,079 people, 20,309 houses or apartments, and a median cost of homes of $109,396, house prices in Huntington are solidly below the national average.
Single-family detached homes are the single most common housing type in Huntington, accounting for 63.36% of the city's housing units. Other types of housing that are prevalent in Huntington include large apartment complexes or high rise apartments ( 20.59%), duplexes, homes converted to apartments or other small apartment buildings ( 13.10%), and a few row houses and other attached homes ( 1.65%).
People in Huntington primarily live in small (one, two or no bedroom) single-family detached homes. Huntington 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. Huntington's housing was primarily built during this period, from the '40s through the '60s. A full 41.24% of the city's housing hails from this era. Other housing ages represented in Huntington include homes built before 1939 ( 33.27%) and housing constructed between 1970-1999 ( 20.81%). There's also some housing in Huntington built between 2000 and later ( 4.68%).
Vacant housing appears to be an issue in Huntington. Fully 17.22% of the housing stock is classified as vacant. Left unchecked, vacant Huntington homes and apartments can be a drag on the real estate market, holding Huntington 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.
Real estate appreciation rates in Huntington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.24% during the period.
NeighborhoodScout's data show that during the latest twelve months, Huntington's appreciation rate, at 2.78%, has been at or slightly above the national average. In the latest quarter, Huntington's appreciation rate has been 5.10%, which annualizes to a rate of 22.01%.
Importantly, NeighborhoodScout’s exclusive research found that Huntington's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to West Virginia, our data show that Huntington'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 Huntington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Huntington - 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 Huntington real estate investment or home purchase decisions.
|$798,001 - $1,064,000||0.1|
|$532,001 - $798,000||1.3|
|$426,001 - $532,000||1.1|
|$319,001 - $426,000||1.5|
|$213,001 - $319,000||11.0|
|$107,001 - $213,000||30.3|
|$53,001 - $107,000||37.3|
|$0 - $53,000||17.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Huntington HOMES|
|2000 or Newer||4.7|
|1970 - 1999||20.8|
|1940 - 1969||41.2|
|1939 or Older||33.3|
|TYPE OF Huntington HOMES|
|Small Apt. Buildings||13.1|
|SIZE OF Huntington HOMES|
|5 or more bedrooms||3.17|