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 4,382 people, 1,678 houses or apartments, and a median cost of homes of $265,678, Barboursville real estate is some of the most expensive in West Virginia, although Barboursville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Barboursville, accounting for 51.97% of the village's housing units. Other types of housing that are prevalent in Barboursville include large apartment complexes or high rise apartments ( 23.03%), row houses and other attached homes ( 14.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.68%).
The most prevalent building size and type in Barboursville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 50.48% owning and 49.52% renting.
There is a lot of housing in Barboursville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Barboursville built between 2000 and later ( 25.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.19%). There's also some housing in Barboursville built before 1939 ( 9.41%).
Vacant housing appears to be an issue in Barboursville. Fully 10.74% of the housing stock is classified as vacant. Left unchecked, vacant Barboursville homes and apartments can be a drag on the real estate market, holding Barboursville 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.
Barboursville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Barboursville during the period has been just 4.84%, which is lower than 80% of US communities.
Appreciation rates are so strong in Barboursville that despite a nationwide downturn in the housing market, Barboursville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barboursville appreciation rates continue to be some of the highest in America, at 12.04%, which is higher than appreciation rates in 93.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barboursville. Barboursville appreciation rates in the latest quarter were at -2.13%, which equates to an annual appreciation rate of -8.23%.
Notably, Barboursville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Barboursville's latest annual appreciation rate is lower than 50% of the other cities and towns in West Virginia.
$265,678
for West virginia
for nation
1,678
$1,751 / per month