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West Virginia Real Estate


According to census data in the year 2000 there were 844,623 housing units in West Virginia. This represents a 8.1% from 781,295 in 1990.

Of those housing units, 391,409 were located in either urbanized areas or urban clusters, and 453,214 were located in what is classified as a rural area.

Homeownership rate in West Virginia is about 75.2%. West Virginia's vacancy rate, including seasonal lodging, is about 12.8%. Average household size is 2.4 people.

The majority of houses, apartments or condos in West Virginia were built after 1969.

Statistics

Housing Size

Housing Units by Size
Studio Type1.1%
One Bedroom8.6%
Two Bedrooms31.5%
Three Bedrooms44.9%
Four Bedrooms11.5%
Five Bedrooms or more2.4%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1970
Median Value of occupied units$72,800
Median Price asked for vacant units$46,300

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1966
Median Monthly Rent asked for vacant units$320

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage3.9%
Home Equity Loan5.6%
Simple Mortgage42.7%
Debt Free47.7%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%

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