Huntington WV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Huntington, WV Real Estate Data

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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Huntington Housing Market Information

With a population of 46,048, 19,755 total housing units (homes and apartments), and a median house value of $98,503, 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 63.49% of the city's housing units. Other types of housing that are prevalent in Huntington include large apartment complexes or high rise apartments ( 20.55%), duplexes, homes converted to apartments or other small apartment buildings ( 12.90%), and a few row houses and other attached homes ( 1.78%).

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 44.56% of the city's housing hails from this era. Other housing ages represented in Huntington include homes built before 1939 ( 29.21%) and housing constructed between 1970-1999 ( 21.94%). There's also some housing in Huntington built between 2000 and later ( 4.28%).

Vacant housing appears to be an issue in Huntington. Fully 18.88% 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.

Huntington Home Appreciation Rates

Huntington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Huntington during the period has been just 0.85%, which is lower than 80% of US communities.

Over the last year, Huntington appreciation rates have trailed the rest of the nation. In the last twelve months, Huntington's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Huntington were at 1.43%, which equates to an annual appreciation rate of 5.83%.

Relative to West Virginia, our data show that Huntington's latest annual appreciation rate is lower than 90% 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.

Average Home Values

 

Median Home Value:
$98,503

Huntington, WV HOME PRICES

Value Range
> $1,042,000 0.2
$782,001 - $1,042,000 0.2
$521,001 - $782,000 1.4
$417,001 - $521,000 0.6
$313,001 - $417,000 2.0
$209,001 - $313,000 7.9
$104,001 - $209,000 31.2
$52,001 - $104,000 39.8
$0 - $52,000 16.7

Low for WV
Very Low for Nation

Value Relative to Nation Value Relative to State
85.4773722627737 64.957264957265

Number Of Homes And Apartments:
19,755

Huntington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
34.36% 1.49%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,010 / per month

Homeownership Rate

Homeownership
Owners 47.96
Renters 52.04
Vacant 18.88

Housing Market Details

 

Age of Homes

AGE OF Huntington HOMES
2000 or Newer 4.3
1970 - 1999 21.9
1940 - 1969 44.6
1939 or Older 29.2

Types of Homes

TYPE OF Huntington HOMES
Single-Family 63.5
Townhomes 1.8
Small Apt. Buildings 12.9
Apt. Complexes 20.6
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Huntington HOMES
No Bedroom 3.23
1 Bedroom 17.34
2 Bedrooms 31.11
3 Bedrooms 33.81
4 Bedrooms 11.32
5 or more bedrooms 3.19