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 $312,084, 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 5.46%, which is lower than 70% of US communities.
Over the last year, Ranson appreciation rates have trailed the rest of the nation. In the last twelve months, Ranson's appreciation rate has been 3.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ranson were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Ranson 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 Ranson's latest annual appreciation rate is lower than 80% of the other cities and towns in West Virginia.
$312,084
for West virginia
for nation
2,016
$1,606 / per month