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 267 people, 125 houses or apartments, and a median cost of homes of $440,491, Harpers Ferry real estate is some of the most expensive in West Virginia, although Harpers Ferry home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Harpers Ferry, accounting for 89.27% of the town's housing units. Other types of housing that are prevalent in Harpers Ferry include row houses and other attached homes ( 8.47%), duplexes, homes converted to apartments or other small apartment buildings ( 2.26%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Harpers Ferry. Owner-occupied housing accounts for 96.80% of Harpers Ferry's homes, and 61.58% have either three or four bedrooms, which is average sized relative to America.
The housing in Harpers Ferry was primarily built before 1939 ( 59.32%), making the housing stock in Harpers Ferry some of the oldest overall in America, although there is a range of ages of homes in Harpers Ferry. The next most important housing age is between 1940-1969 ( 31.07%), followed by between 1970-1999 ( 7.34%). There's also some housing in Harpers Ferry built between 2000 and later ( 2.26%).
Vacant housing appears to be an issue in Harpers Ferry. Fully 29.38% of the housing stock is classified as vacant. Left unchecked, vacant Harpers Ferry homes and apartments can be a drag on the real estate market, holding Harpers Ferry 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.
Appreciation rates for homes in Harpers Ferry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.99%, which ranks in the top 50% nationwide. This equates to an annual average Harpers Ferry house appreciation rate of 6.91%.
Appreciation rates are so strong in Harpers Ferry that despite a nationwide downturn in the housing market, Harpers Ferry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Harpers Ferry appreciation rates continue to be some of the highest in America, at 9.55%, which is higher than appreciation rates in 84.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Harpers Ferry. Harpers Ferry appreciation rates in the latest quarter were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Harpers Ferry one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to West Virginia, our data show that Harpers Ferry's latest annual appreciation rate is lower than 60% of the other cities and towns in West Virginia.
$440,491
for West virginia
for nation
125
$1,887 / per month