Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Logan County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,751 | $94,066 | $242,182 |
| Price Trend (Annual %) | 12.3% | 1.9% | 8.2% |
| Median Gross Rent | $704 | $849 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Logan County is about 4% higher than in West Virginia. Rent is about 17% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Logan County, up about 12.3% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Logan County rose about 25.3% between 2015 and 2023, from $562 to $704. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Logan County.
Buying the median-priced home in Logan County costs roughly 11.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Logan County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Logan County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,751 | $94,066 | $242,182 |
| Median Household Income | $47,606 | $57,886 | $78,145 |
| Price-to-Income Ratio | 2.1 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Logan County rose about 103.8%, while median household income rose about 39.5% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Logan County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 62.4% | 58.2% |
| Rental Rate | 19.5% | 21.6% | 31.3% |
| Vacancy Rate | 16.3% | 16.1% | 10.6% |
| Median Tenure (years) | 21.0 | 18.0 | 15.0 |
| Median Year Moved In | 2005 | 2008 | 2011 |
Logan County has a homeownership rate of 64.2%, higher than the West Virginia average of 62.4%. Its housing vacancy rate is 16.3%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Logan County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1977 | 1974 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Logan County was built around 1977. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Logan County, West Virginia.
What is the median home price in Logan County, West Virginia?
The median home price in Logan County, West Virginia is $97,751, higher than the West Virginia average of $94,066.
What is the average home price in Logan County, West Virginia?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Logan County, West Virginia?
The median gross rent in Logan County, West Virginia is $704 per month, lower than the West Virginia average of $849.
What was the median gross rent in Logan County in 2020?
In 2020, the median gross rent in Logan County, West Virginia was $703 per month.
What is the price-to-rent ratio in Logan County, West Virginia?
The price-to-rent ratio in Logan County, West Virginia is about 11.6, meaning it would take roughly 11.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Logan County.
Are home prices or rent rising faster in Logan County, West Virginia?
Both home prices and rent are rising in Logan County, up about 12.3% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Logan County, West Virginia?
64.2% of households in Logan County, West Virginia own their home, higher than the West Virginia average of 62.4%.
What is the vacancy rate in Logan County, West Virginia?
The housing vacancy rate in Logan County, West Virginia is 16.3%, higher than the West Virginia average of 16.1%.