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 a population of 1,927, 683 total housing units (homes and apartments), and a median house value of $147,085, house prices in Mannington are solidly below the national average.
Single-family detached homes are the single most common housing type in Mannington, accounting for 80.96% of the city's housing units. Other types of housing that are prevalent in Mannington include large apartment complexes or high rise apartments ( 6.55%), mobile homes or trailers ( 4.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mannington. Owner-occupied housing accounts for 83.46% of Mannington's homes, and 50.56% have either three or four bedrooms, which is average sized relative to America.
The housing in Mannington was primarily built before 1939 ( 53.40%), making the housing stock in Mannington some of the oldest overall in America, although there is a range of ages of homes in Mannington. The next most important housing age is between 1940-1969 ( 22.87%), followed by between 1970-1999 ( 14.34%). There's also some housing in Mannington built between 2000 and later ( 9.39%).
Vacant housing appears to be an issue in Mannington. Fully 15.57% of the housing stock is classified as vacant. Left unchecked, vacant Mannington homes and apartments can be a drag on the real estate market, holding Mannington 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.
Mannington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mannington during the period has been just 5.53%, which is lower than 70% of US communities.
Appreciation rates are so strong in Mannington that despite a nationwide downturn in the housing market, Mannington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mannington appreciation rates continue to be some of the highest in America, at 19.03%, which is higher than appreciation rates in 99.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mannington. Mannington appreciation rates in the latest quarter were at 1.56%, which equates to an annual appreciation rate of 6.39%.
Relative to West Virginia, our data show that Mannington's latest annual appreciation rate is higher than 80% of the other cities and towns in West Virginia.
$147,085
for West virginia
for nation
683
$626 / per month