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 3,958 people, 1,885 houses or apartments, and a median cost of homes of $139,557, house prices in Point Pleasant are solidly below the national average.
Single-family detached homes are the single most common housing type in Point Pleasant, accounting for 79.04% of the city's housing units. Other types of housing that are prevalent in Point Pleasant include large apartment complexes or high rise apartments ( 14.29%), duplexes, homes converted to apartments or other small apartment buildings ( 6.08%).
Dwellings in Point Pleasant tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.99% of the homes in Point Pleasant have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Point Pleasant's housing was primarily built during this period, from the '40s through the '60s. A full 53.22% of the city's housing hails from this era. Other housing ages represented in Point Pleasant include homes built between 1970-1999 ( 25.41%) and housing constructed before 1939 ( 20.01%). There's also some housing in Point Pleasant built between 2000 and later ( 1.36%).
Vacant housing appears to be an issue in Point Pleasant. Fully 14.47% of the housing stock is classified as vacant. Left unchecked, vacant Point Pleasant homes and apartments can be a drag on the real estate market, holding Point Pleasant 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.
Point Pleasant's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Point Pleasant during the period has been just 4.80%, which is lower than 80% of US communities.
Appreciation rates are so strong in Point Pleasant that despite a nationwide downturn in the housing market, Point Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Point Pleasant appreciation rates continue to be some of the highest in America, at 18.74%, which is higher than appreciation rates in 99.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Point Pleasant. Point Pleasant appreciation rates in the latest quarter were at 1.56%, which equates to an annual appreciation rate of 6.39%.
Relative to West Virginia, our data show that Point Pleasant's latest annual appreciation rate is higher than 80% of the other cities and towns in West Virginia.
$139,557
for West virginia
for nation
1,885
$1,053 / per month