Moundsville, WV Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Moundsville, WV Housing Market Trends

With 8,252 people, 3,636 houses or apartments, and a median cost of homes of $163,598, house prices in Moundsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Moundsville, accounting for 80.36% of the city's housing units. Other types of housing that are prevalent in Moundsville include duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), mobile homes or trailers ( 5.47%), and a few large apartment complexes or high rise apartments ( 4.27%).

Dwellings in Moundsville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.67% of the homes in Moundsville have two or fewer bedrooms.

The housing in Moundsville was primarily built before 1939 ( 43.24%), 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 ( 39.20%), followed by between 1970-1999 ( 14.31%). There's also some housing in Moundsville built between 2000 and later ( 3.25%).

Vacant housing appears to be an issue in Moundsville. Fully 16.11% 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.

Moundsville Home Appreciation Rates

Moundsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Moundsville during the period has been just 2.82%, which is lower than 70% of US communities.

Over the last year, Moundsville appreciation rates have trailed the rest of the nation. In the last twelve months, Moundsville's appreciation rate has been 5.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moundsville were at 1.53%, which equates to an annual appreciation rate of 6.27%.

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 70% of the other cities and towns in West Virginia.

Average Home Values

 

Median Home Value:
$163,598

Moundsville, WV HOME PRICES

> $1,209,000
1.2%
1.2%
$907,001 - $1,209,000
0.2%
0.2%
$605,001 - $907,000
1.1%
1.1%
$484,001 - $605,000
0.8%
0.8%
$363,001 - $484,000
5.8%
5.8%
$242,001 - $363,000
13.0%
13.0%
$121,001 - $242,000
28.6%
28.6%
$61,001 - $121,000
32.4%
32.4%
$0 - $61,000
16.9%
16.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for WV

Value Relative To Nation

Number Of Homes And Apartments:
3,636

Moundsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
71.50% 2.54%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$800 / per month

Homeownership Rate

Owners
75.4%
75.4%
Renters
24.6%
24.6%
Vacant
16.1%
16.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.3%
3.3%
1970 - 1999
14.3%
14.3%
1940 - 1969
39.2%
39.2%
1939 or Older
43.2%
43.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.4%
80.4%
Townhomes
1.6%
1.6%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
4.3%
4.3%
Mobile Homes
5.5%
5.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
10.7%
10.7%
2 Bedrooms
37.5%
37.5%
3 Bedrooms
38.6%
38.6%
4 Bedrooms
9.1%
9.1%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES