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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Paw Paw, 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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

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

Paw Paw, WV Housing Market Trends

With 410 people, 150 houses or apartments, and a median cost of homes of $223,004, house prices in Paw Paw are solidly below the national average.

Single-family detached homes are the single most common housing type in Paw Paw, accounting for 79.66% of the town's housing units. Other types of housing that are prevalent in Paw Paw include mobile homes or trailers ( 12.43%), duplexes, homes converted to apartments or other small apartment buildings ( 6.78%), and a few row houses and other attached homes ( 1.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Paw Paw. Owner-occupied housing accounts for 68.20% of Paw Paw's homes, and 77.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Paw Paw 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 Paw Paw built between 1940-1969 ( 27.68%). A lesser amount of the housing stock also hails from before 1939 ( 25.99%). There's also some housing in Paw Paw built between 2000 and later ( 13.56%).

Vacant housing appears to be an issue in Paw Paw. Fully 15.25% of the housing stock is classified as vacant. Left unchecked, vacant Paw Paw homes and apartments can be a drag on the real estate market, holding Paw Paw 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.

Paw Paw Home Appreciation Rates

Real estate appreciation rates in Paw Paw's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.30% during the period.

Over the last year, Paw Paw appreciation rates have trailed the rest of the nation. In the last twelve months, Paw Paw's appreciation rate has been 6.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paw Paw were at -0.80%, which equates to an annual appreciation rate of -3.17%.

Notably, Paw Paw's appreciation rate in the latest quarter is one of the lowest in America.

Relative to West Virginia, our data show that Paw Paw's latest annual appreciation rate is lower than 70% of the other cities and towns in West Virginia.

Average Home Values

Median Home Value

$223,004

Paw Paw, WV Home Prices
> $1,273,000
$955,001 - $1,273,000
$637,001 - $955,000
$509,001 - $637,000
$382,001 - $509,000
$255,001 - $382,000
$127,001 - $255,000
$64,001 - $127,000
$0 - $64,000
4.8%
4.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
6.6%
6.6%
24.3%
24.3%
35.3%
35.3%
15.0%
15.0%
14.0%
14.0%
0% 100.0%
% of Homes
High

for West virginia

Low

for nation

Number of Homes And Apartments:

150

Paw Paw Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,171 / per month

Homeownership Rate

Owners
Renters
68.2%
68.2%
31.8%
31.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.3%
15.3%
84.7%
84.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.6%
13.6%
32.8%
32.8%
27.7%
27.7%
26.0%
26.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.7%
79.7%
1.1%
1.1%
6.8%
6.8%
0.0%
0.0%
12.4%
12.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
4.0%
4.0%
18.6%
18.6%
59.3%
59.3%
18.1%
18.1%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Paw Paw

Zip Codes in Paw Paw, WV