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 a population of 3,849, 1,669 total housing units (homes and apartments), and a median house value of $130,674, house prices in Weston are solidly below the national average.
Single-family detached homes are the single most common housing type in Weston, accounting for 77.69% of the city's housing units. Other types of housing that are prevalent in Weston include large apartment complexes or high rise apartments ( 9.59%), duplexes, homes converted to apartments or other small apartment buildings ( 9.16%), and a few mobile homes or trailers ( 3.57%).
People in Weston primarily live in small (one, two or no bedroom) single-family detached homes. Weston has a mixture of owner-occupied and renter-occupied housing.
The housing in Weston was primarily built before 1939 ( 38.07%), making the housing stock in Weston some of the oldest overall in America, although there is a range of ages of homes in Weston. The next most important housing age is between 1940-1969 ( 32.00%), followed by between 1970-1999 ( 24.72%). There's also some housing in Weston built between 2000 and later ( 5.20%).
Vacant housing appears to be an issue in Weston. Fully 19.57% of the housing stock is classified as vacant. Left unchecked, vacant Weston homes and apartments can be a drag on the real estate market, holding Weston 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Weston, where house values have increased just 51.08%, which is annualized rate of 4.21%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Weston that despite a nationwide downturn in the housing market, Weston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Weston appreciation rates continue to be some of the highest in America, at 19.82%, which is higher than appreciation rates in 99.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Weston. Weston 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 Weston's latest annual appreciation rate is higher than 80% of the other cities and towns in West Virginia.
$130,674
for West virginia
for nation
1,669
$1,213 / per month