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 about Scout's Real Estate Data
With 1,554 people, 651 houses or apartments, and a median cost of homes of $138,709, house prices in Ronceverte are solidly below the national average.
Single-family detached homes are the single most common housing type in Ronceverte, accounting for 72.91% of the city's housing units. Other types of housing that are prevalent in Ronceverte include duplexes, homes converted to apartments or other small apartment buildings ( 20.08%), large apartment complexes or high rise apartments ( 3.91%), and a few row houses and other attached homes ( 2.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ronceverte. Owner-occupied housing accounts for 67.28% of Ronceverte's homes, and 61.59% have either three or four bedrooms, which is average sized relative to America.
The housing in Ronceverte was primarily built before 1939 ( 33.69%), making the housing stock in Ronceverte some of the oldest overall in America, although there is a range of ages of homes in Ronceverte. The next most important housing age is between 1940-1969 ( 29.78%), followed by between 1970-1999 ( 28.03%). There's also some housing in Ronceverte built between 2000 and later ( 8.49%).
Vacant housing appears to be an issue in Ronceverte. Fully 12.26% of the housing stock is classified as vacant. Left unchecked, vacant Ronceverte homes and apartments can be a drag on the real estate market, holding Ronceverte 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Ronceverte, where house values have increased just 48.62%, which is annualized rate of 4.04%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Ronceverte's appreciation rate, at 6.04%, has been at or slightly above the national average. In the latest quarter, Ronceverte's appreciation rate has been 4.64%, which annualizes to a rate of 19.91%.
Importantly, this makes Ronceverte one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to West Virginia, our data show that Ronceverte's latest annual appreciation rate is lower than 50% of the other cities and towns in West Virginia.
$138,709
for West virginia
for nation
651
$1,384 / per month