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 13,352 people, 6,044 houses or apartments, and a median cost of homes of $117,679, house prices in South Charleston are solidly below the national average.
Single-family detached homes are the single most common housing type in South Charleston, accounting for 74.72% of the city's housing units. Other types of housing that are prevalent in South Charleston include large apartment complexes or high rise apartments ( 10.88%), duplexes, homes converted to apartments or other small apartment buildings ( 10.15%), and a few row houses and other attached homes ( 3.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Charleston. Owner-occupied housing accounts for 71.09% of South Charleston's homes, and 55.45% have either three or four bedrooms, which is average sized relative to America.
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. South Charleston's housing was primarily built during this period, from the '40s through the '60s. A full 59.27% of the city's housing hails from this era. Other housing ages represented in South Charleston include homes built between 1970-1999 ( 24.23%) and housing constructed between 2000 and later ( 9.16%). There's also some housing in South Charleston built before 1939 ( 7.35%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in South Charleston, where house values have increased just 30.21%, which is annualized rate of 2.68%. 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, South Charleston's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, South Charleston's appreciation rate has been 5.15%, which annualizes to a rate of 22.23%.
Importantly, this makes South Charleston 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 South Charleston'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 South Charleston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Charleston - 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 South Charleston real estate investment or home purchase decisions.
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