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 5,666 people, 2,016 houses or apartments, and a median cost of homes of $304,870, Ranson real estate is some of the most expensive in West Virginia, although Ranson home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Ranson, accounting for 48.42% of the town's housing units. Other types of housing that are prevalent in Ranson include row houses and other attached homes ( 27.12%), large apartment complexes or high rise apartments ( 14.61%), and a few mobile homes or trailers ( 6.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ranson. Owner-occupied housing accounts for 68.85% of Ranson's homes, and 63.54% have either three or four bedrooms, which is average sized relative to America.
Ranson homes and real estate are some of the newest in America. 44.11% of Ranson's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ranson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.82%), and between 1940-1969 ( 19.61%). There's also some housing in Ranson built before 1939 ( 6.46%).
Ranson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ranson during the period has been just 5.63%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Ranson's appreciation rate, at 8.99%, has been at or slightly above the national average. In the latest quarter, Ranson's appreciation rate has been -0.75%, which annualizes to a rate of -2.95%.
Notably, Ranson's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Ranson's latest annual appreciation rate is lower than 80% of the other cities and towns in West Virginia.
$304,870
for West virginia
for nation
2,016
$1,551 / per month