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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Huntington Housing Market Information

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.

Huntington Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$109,396

Huntington, WV HOME PRICES

Value Range
> $1,064,000 0.2
$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

Average for WV
Low for Nation

Value Relative to Nation Value Relative to State
77.9036496350365 50.4273504273504

Number Of Homes And Apartments:
20,309

Huntington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q2
42.97% 1.85%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 46.89
Renters 53.11
Vacant 17.22

Housing Market Details

 

Age of Homes

AGE OF Huntington HOMES
2000 or Newer 4.7
1970 - 1999 20.8
1940 - 1969 41.2
1939 or Older 33.3

Types of Homes

TYPE OF Huntington HOMES
Single-Family 63.4
Townhomes 1.6
Small Apt. Buildings 13.1
Apt. Complexes 20.6
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Huntington HOMES
No Bedroom 3.25
1 Bedroom 17.40
2 Bedrooms 31.24
3 Bedrooms 32.77
4 Bedrooms 12.18
5 or more bedrooms 3.17