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 a population of 30,601, 13,467 total housing units (homes and apartments), and a median house value of $102,271, house prices in Parkersburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Parkersburg, accounting for 74.66% of the city's housing units. Other types of housing that are prevalent in Parkersburg include large apartment complexes or high rise apartments ( 11.57%), duplexes, homes converted to apartments or other small apartment buildings ( 11.10%), and a few mobile homes or trailers ( 1.63%).
The most prevalent building size and type in Parkersburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.86% owning and 40.14% 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. Parkersburg's housing was primarily built during this period, from the '40s through the '60s. A full 47.87% of the city's housing hails from this era. Other housing ages represented in Parkersburg include homes built before 1939 ( 26.54%) and housing constructed between 1970-1999 ( 22.02%). There's also some housing in Parkersburg built between 2000 and later ( 3.57%).
Vacant housing appears to be an issue in Parkersburg. Fully 13.47% of the housing stock is classified as vacant. Left unchecked, vacant Parkersburg homes and apartments can be a drag on the real estate market, holding Parkersburg 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.
Appreciation rates for homes in Parkersburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.81%, which ranks in the top 50% nationwide. This equates to an annual average Parkersburg house appreciation rate of 0.75%.
Over the last year, Parkersburg appreciation rates have trailed the rest of the nation. In the last twelve months, Parkersburg's appreciation rate has been 2.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Parkersburg were at -5.19%, which equates to an annual appreciation rate of -19.21%.
Notably, Parkersburg's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Parkersburg's latest annual appreciation rate is higher than 70% 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 Parkersburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Parkersburg - 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 Parkersburg real estate investment or home purchase decisions.
|$801,001 - $1,068,000||0.2|
|$534,001 - $801,000||0.2|
|$427,001 - $534,000||0.1|
|$320,001 - $427,000||1.5|
|$213,001 - $320,000||4.7|
|$107,001 - $213,000||32.9|
|$53,001 - $107,000||40.9|
|$0 - $53,000||19.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Parkersburg HOMES|
|2000 or Newer||3.6|
|1970 - 1999||22.0|
|1940 - 1969||47.9|
|1939 or Older||26.5|
|TYPE OF Parkersburg HOMES|
|Small Apt. Buildings||11.1|
|SIZE OF Parkersburg HOMES|
|5 or more bedrooms||2.96|