Parkersburg, WV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Parkersburg, 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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Parkersburg Housing Market Information

With 30,601 people, 13,372 houses or apartments, and a median cost of homes of $89,743, 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 74.58% of the city's housing units. Other types of housing that are prevalent in Parkersburg include large apartment complexes or high rise apartments ( 12.27%), duplexes, homes converted to apartments or other small apartment buildings ( 10.27%), and a few mobile homes or trailers ( 1.46%).

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 58.61% owning and 41.39% 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 47.83% of the city's housing hails from this era. Other housing ages represented in Parkersburg include homes built before 1939 ( 27.11%) and housing constructed between 1970-1999 ( 21.94%). There's also some housing in Parkersburg built between 2000 and later ( 3.11%).

Vacant housing appears to be an issue in Parkersburg. Fully 13.34% 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.

Parkersburg Home Appreciation Rates

Parkersburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Parkersburg during the period has been just 0.13%, which is lower than 70% of US communities.

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 -5.12%, 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 0.39%, which equates to an annual appreciation rate of 1.55%.

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 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 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.

Average Home Values

 

Median Home Value:
$89,743

Parkersburg, WV HOME PRICES

Value Range
> $1,026,000 0.1
$770,001 - $1,026,000 0.1
$513,001 - $770,000 0.3
$411,001 - $513,000 0.1
$308,001 - $411,000 1.4
$205,001 - $308,000 4.3
$103,001 - $205,000 31.3
$51,001 - $103,000 42.8
$0 - $51,000 19.7

Low for WV
Very Low for Nation

Value Relative to Nation Value Relative to State
88.2802919708029 71.7948717948718

Number Of Homes And Apartments:
13,372

Parkersburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
17.30% 0.85%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$818 / per month

Homeownership Rate

Homeownership
Owners 58.61
Renters 41.39
Vacant 13.34

Housing Market Details

 

Age of Homes

AGE OF Parkersburg HOMES
2000 or Newer 3.1
1970 - 1999 21.9
1940 - 1969 47.8
1939 or Older 27.1

Types of Homes

TYPE OF Parkersburg HOMES
Single-Family 74.6
Townhomes 1.4
Small Apt. Buildings 10.3
Apt. Complexes 12.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Parkersburg HOMES
No Bedroom 1.17
1 Bedroom 11.46
2 Bedrooms 32.08
3 Bedrooms 40.82
4 Bedrooms 10.76
5 or more bedrooms 3.70