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 1,440 people, 676 houses or apartments, and a median cost of homes of $313,434, Falling Waters real estate is some of the most expensive in West Virginia, although Falling Waters home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Falling Waters, accounting for 55.76% of the town's housing units. Other types of housing that are prevalent in Falling Waters include row houses and other attached homes ( 27.09%), mobile homes or trailers ( 17.15%).
The most prevalent building size and type in Falling Waters are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.80% owning and 43.20% renting.
Falling Waters homes and real estate are some of the newest in America. 49.28% of Falling Waters'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 Falling Waters real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 46.54%), and between 1940-1969 ( 4.18%).
Appreciation rates for homes in Falling Waters have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.94%, which ranks in the top 50% nationwide. This equates to an annual average Falling Waters house appreciation rate of 6.63%.
Appreciation rates are so strong in Falling Waters that despite a nationwide downturn in the housing market, Falling Waters real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Falling Waters appreciation rates continue to be some of the highest in America, at 9.78%, which is higher than appreciation rates in 86.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Falling Waters. Falling Waters appreciation rates in the latest quarter were at 5.18%, which equates to an annual appreciation rate of 22.39%.
Importantly, this makes Falling Waters 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 Falling Waters's latest annual appreciation rate is lower than 60% of the other cities and towns in West Virginia.
$313,434
for West virginia
for nation
676
$2,070 / per month