Despite a little slowdown, the real estate craze caused by the coronavirus outbreak is far from over. Affordable homes are seeing price increases due to continued buyer competition for a small supply of homes.
June saw a 3.2% increase year-over-year in the typical US house value, reaching $360,974.
The rise in mortgage rates has dampened economic expansion, and in certain areas, property values have even fallen. Still, compared to a year ago, prices in some locations are significantly higher.
Stacker used Zillow data to determine which West Virginia cities have the most rapidly increasing housing values. Rankings are based on the percentage change in property values as measured by the Zillow property Values Index for the twelve months ending in June 2024.
Summit Point
An unincorporated community in Jefferson County, West Virginia, United States, called Summit Point.
In the lower Shenandoah Valley, at the intersection of West Virginia Secondary Route 1 and Summit Point Pike, lies the town along the Baltimore and Ohio Railroad.
– Typical home value: $441,531
– 1-year price change: +$43,695 (+11.0%)
– 5-year price change: +$162,543 (+58.3%)
– Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
Shenandoah Junction
Located in the Eastern Panhandle of the U.S. state of West Virginia, Shenandoah Junction is a CDP in Jefferson County.
Located near Shenandoah Junction, you’ll find Jefferson High School and the Peter Burr House, which dates back to 1751 and is the oldest wood-frame construction in West Virginia. Lord Fairfax bequeathed Lewis Neil 392 acres (1.59 km2) of land, which included the property on which Shenandoah Junction was constructed. The community was renamed to Shenandoah Junction in 1881 from Neil’s, the previous name.
The data for Shenandoah Junction is quite wow:
– Typical home value: $424,872
– 1-year price change: +$40,746 (+10.6%)
– 5-year price change: +$155,919 (+58.0%)
– Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
Family-Friendly and Inclusive: West Virginia’s Top 7 Towns for LGBTQ Communities
Shepherdstown
In the lower Shenandoah Valley, on the banks of the Potomac River, lies the town of Shepherdstown in Jefferson County, West Virginia, USA.
An hour and a half separates Baltimore and Washington, D.C., from Shepherdstown, which is along the Potomac River’s banks. Shepherdstown is known for its vibrant nightlife, which includes numerous theater performances, award-winning local restaurants, and a vibrant local music and arts scene. Enjoy fine dining in a colonial setting while immersed in the charm of West Virginia’s oldest town.
Check the given data for Shepherdstown:
– Typical home value: $474,258
– 1-year price change: +$34,319 (+7.8%)
– 5-year price change: +$157,125 (+49.5%)
– Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
Harpers Ferry
The historic community of Harpers Ferry sits in the lower Shenandoah Valley of Jefferson County, West Virginia. According to the US census of 2020, there were 269 people living in the town. The settlement is located in the easternmost point of West Virginia, at the point where the Potomac and Shenandoah rivers meet. It is also the point where Virginia, Maryland, and West Virginia all converge.
Over the years, Harpers Ferry has been visited by numerous notable Americans. Thomas Jefferson once described the view from the site as “one of the most stupendous scenes in nature.”
The stats for Harpers Ferry is:
– Typical home value: $387,311
– 1-year price change: +$32,585 (+9.2%)
– 5-year price change: +$139,284 (+56.2%)
– Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
Snowshoe
The ski resort at Snowshoe Mountain is the focal point of the unincorporated village of Snowshoe in Pocahontas County, West Virginia, USA. Its location is in the Allegheny Range.
Among Snowshoe’s several shopping districts, the most notable is The Village at Snowshoe, which is situated atop the mountain rather than at its foot. The resort still has its winter attractions, but it also features a large network of mountain biking trails, a well-liked golf course, venues for weddings and conventions, a plethora of summer outdoor activities, and the Grand National Cross Country race.
Every year, some 480,000 skiers and snowboarders make the journey, mostly hailing from West Virginia and the bigger cities in the Southeast and Mid-Atlantic regions.
This place has the given stats:
– Typical home value: $230,313
– 1-year price change: +$31,042 (+15.6%)
– 5-year price change: +$88,037 (+61.9%)