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 18,386 people, 8,646 houses or apartments, and a median cost of homes of $167,160, the cost of homes in Weirton is among some of the lowest in the nation. Compared to West Virginia, however, Weirton real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Weirton, accounting for 76.77% of the city's housing units. Other types of housing that are prevalent in Weirton include large apartment complexes or high rise apartments ( 9.99%), duplexes, homes converted to apartments or other small apartment buildings ( 6.18%), and a few row houses and other attached homes ( 4.27%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Weirton. Owner-occupied housing accounts for 66.31% of Weirton's homes, and 61.10% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Weirton's housing was primarily built during this period, from the '40s through the '60s. A full 61.69% of the city's housing hails from this era. Other housing ages represented in Weirton include homes built between 1970-1999 ( 22.71%) and housing constructed before 1939 ( 11.55%). There's also some housing in Weirton built between 2000 and later ( 4.05%).
Weirton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Weirton during the period has been just 5.72%, which is lower than 70% of US communities.
Over the last year, Weirton appreciation rates have trailed the rest of the nation. In the last twelve months, Weirton's appreciation rate has been -3.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weirton were at 5.83%, which equates to an annual appreciation rate of 25.46%.
Importantly, this makes Weirton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to West Virginia, our data show that Weirton's latest annual appreciation rate is lower than 90% 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 Weirton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Weirton - 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 Weirton real estate investment or home purchase decisions.
$167,160
for West virginia
for nation
8,646
$1,273 / per month