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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Shady Spring, WV Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Shady Spring, WV Housing Market Trends

With a population of 3,169, 1,231 total housing units (homes and apartments), and a median house value of $366,729, Shady Spring real estate is some of the most expensive in West Virginia, although Shady Spring home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Shady Spring, accounting for 70.88% of the town's housing units. Other types of housing that are prevalent in Shady Spring include mobile homes or trailers ( 27.23%), row houses and other attached homes ( 1.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shady Spring. Owner-occupied housing accounts for 90.74% of Shady Spring's homes, and 84.22% have either three or four bedrooms, which is average sized relative to America.

Shady Spring homes and real estate are some of the newest in America. 42.88% of Shady Spring'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 Shady Spring real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.36%), and between 1940-1969 ( 16.76%).

Vacant housing appears to be an issue in Shady Spring. Fully 14.04% of the housing stock is classified as vacant. Left unchecked, vacant Shady Spring homes and apartments can be a drag on the real estate market, holding Shady Spring 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.

Shady Spring Home Appreciation Rates

Appreciation rates for homes in Shady Spring have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.58%, which ranks in the top 50% nationwide. This equates to an annual average Shady Spring house appreciation rate of 6.94%.

Appreciation rates are so strong in Shady Spring that despite a nationwide downturn in the housing market, Shady Spring real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shady Spring appreciation rates continue to be some of the highest in America, at 15.84%, which is higher than appreciation rates in 99.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shady Spring. Shady Spring appreciation rates in the latest quarter were at 1.04%, which equates to an annual appreciation rate of 4.20%.

Relative to West Virginia, our data show that Shady Spring's latest annual appreciation rate is higher than 90% of the other cities and towns in West Virginia.

Average Home Values

Median Home Value

$366,729

Shady Spring, WV Home Prices
> $1,577,000
$1,183,001 - $1,577,000
$788,001 - $1,183,000
$631,001 - $788,000
$473,001 - $631,000
$315,001 - $473,000
$158,001 - $315,000
$79,001 - $158,000
$0 - $79,000
2.1%
2.1%
1.7%
1.7%
11.4%
11.4%
3.4%
3.4%
11.4%
11.4%
18.9%
18.9%
27.7%
27.7%
14.6%
14.6%
8.8%
8.8%
0% 100.0%
% of Homes
Very High

for West virginia

High

for nation

Number of Homes And Apartments:

1,231

Shady Spring Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,692 / per month

Homeownership Rate

Owners
Renters
90.7%
90.7%
9.3%
9.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.0%
14.0%
86.0%
86.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
42.9%
42.9%
40.4%
40.4%
16.8%
16.8%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.9%
70.9%
1.3%
1.3%
0.0%
0.0%
0.6%
0.6%
27.2%
27.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.7%
0.7%
11.1%
11.1%
68.3%
68.3%
15.9%
15.9%
4.0%
4.0%
0% 100.0%
% of Homes