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 7,829, 3,507 total housing units (homes and apartments), and a median house value of $158,679, the cost of homes in Moundsville is among some of the lowest in the nation. Compared to West Virginia, however, Moundsville real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Moundsville, accounting for 79.86% of the city's housing units. Other types of housing that are prevalent in Moundsville include mobile homes or trailers ( 9.18%), duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), and a few row houses and other attached homes ( 2.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Moundsville. Owner-occupied housing accounts for 70.96% of Moundsville's homes, and 52.17% have either three or four bedrooms, which is average sized relative to America.
The housing in Moundsville was primarily built before 1939 ( 46.36%), making the housing stock in Moundsville some of the oldest overall in America, although there is a range of ages of homes in Moundsville. The next most important housing age is between 1940-1969 ( 32.79%), followed by between 1970-1999 ( 16.54%). There's also some housing in Moundsville built between 2000 and later ( 4.32%).
Vacant housing appears to be an issue in Moundsville. Fully 16.80% of the housing stock is classified as vacant. Left unchecked, vacant Moundsville homes and apartments can be a drag on the real estate market, holding Moundsville 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 Moundsville, where house values have increased just 53.32%, which is annualized rate of 4.37%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Moundsville that despite a nationwide downturn in the housing market, Moundsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Moundsville appreciation rates continue to be some of the highest in America, at 9.44%, which is higher than appreciation rates in 83.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Moundsville. Moundsville appreciation rates in the latest quarter were at 0.60%, which equates to an annual appreciation rate of 2.44%.
Notably, Moundsville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Moundsville's latest annual appreciation rate is lower than 60% 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 Moundsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moundsville - 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 Moundsville real estate investment or home purchase decisions.
$158,679
for West virginia
for nation
3,507
$1,195 / per month