Parkersburg, West Virginia Housing Market Prices
Parkersburg Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% above the West Virginia median$129,777
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Median rent 10% below the West Virginia median$787
Housing Market Overview
| Metric | Parkersburg | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,777 | $94,699 | $248,835 |
| Price Trend (Annual %) | 9.9% | 1.7% | 7.5% |
| Median Gross Rent | $787 | $871 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Parkersburg is about 37% higher than in West Virginia. Rent is about 10% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Parkersburg, up about 9.9% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Parkersburg rose about 27.2% between 2015 and 2024, from $619 to $787. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Parkersburg.
Buying the median-priced home in Parkersburg costs roughly 13.7 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 Parkersburg. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Parkersburg | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,777 | $94,699 | $248,835 |
| Median Household Income | $47,806 | $59,640 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Parkersburg rose about 48.4%, while median household income rose about 43.1% between 2009 and 2025 — 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 | Parkersburg | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.5% | 63.3% | 58.5% |
| Rental Rate | 31.8% | 21.3% | 31.2% |
| Vacancy Rate | 12.7% | 15.4% | 10.2% |
| Median Tenure (years) | 14.0 | 18.0 | 15.0 |
| Median Year Moved In | 2012 | 2008 | 2011 |
Parkersburg has a homeownership rate of 55.5%, lower than the West Virginia average of 63.3%. Its housing vacancy rate is 12.7%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Parkersburg | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.17 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1956 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Parkersburg was built around 1956. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Parkersburg, West Virginia.
What is the median home price in Parkersburg, West Virginia?
The median home price in Parkersburg, West Virginia is $129,777, higher than the West Virginia average of $94,699.
What is the average home price in Parkersburg, West Virginia?
The typical home price in Parkersburg, West Virginia, reported as the median sale price, is $129,777. 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 Parkersburg, West Virginia?
The median gross rent in Parkersburg, West Virginia is $787 per month, lower than the West Virginia average of $871.
What was the median gross rent in Parkersburg in 2020?
In 2020, the median gross rent in Parkersburg, West Virginia was $667 per month.
What is the price-to-rent ratio in Parkersburg, West Virginia?
The price-to-rent ratio in Parkersburg, West Virginia is about 13.7, meaning it would take roughly 13.7 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 Parkersburg.
Are home prices or rent rising faster in Parkersburg, West Virginia?
Both home prices and rent are rising in Parkersburg, up about 9.9% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Parkersburg, West Virginia?
55.5% of households in Parkersburg, West Virginia own their home, lower than the West Virginia average of 63.3%.
What is the vacancy rate in Parkersburg, West Virginia?
The housing vacancy rate in Parkersburg, West Virginia is 12.7%, lower than the West Virginia average of 15.4%.
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