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 | Pocahontas County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $31,562 | $94,066 | $242,182 |
| Price Trend (Annual %) | -8.8% | 1.9% | 8.2% |
| Median Gross Rent | $687 | $849 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pocahontas County is about 66% lower than in West Virginia. Rent is about 19% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Pocahontas County: home prices fell about 8.8% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
Median rent in Pocahontas County rose about 25.3% between 2015 and 2023, from $549 to $687. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Pocahontas County.
Buying the median-priced home in Pocahontas County costs roughly 3.8 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 Pocahontas County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Pocahontas County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $31,562 | $94,066 | $242,182 |
| Median Household Income | $41,621 | $57,886 | $78,145 |
| Price-to-Income Ratio | 0.8 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pocahontas County fell about 61.6%, while median household income rose about 28.8% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pocahontas County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.5% | 62.4% | 58.2% |
| Rental Rate | 7.6% | 21.6% | 31.3% |
| Vacancy Rate | 54.8% | 16.1% | 10.6% |
| Median Tenure (years) | 24.0 | 18.0 | 15.0 |
| Median Year Moved In | 2002 | 2008 | 2011 |
Pocahontas County has a homeownership rate of 37.5%, lower than the West Virginia average of 62.4%. Its housing vacancy rate is 54.8%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Pocahontas County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1979 | 1974 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Pocahontas County was built around 1979. On average, 2.4 people live in a home with about 5.0 rooms, staying for about 24.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pocahontas County, West Virginia.
What is the median home price in Pocahontas County, West Virginia?
The median home price in Pocahontas County, West Virginia is $31,562, lower than the West Virginia average of $94,066.
What is the average home price in Pocahontas 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 Pocahontas County, West Virginia?
The median gross rent in Pocahontas County, West Virginia is $687 per month, lower than the West Virginia average of $849.
What was the median gross rent in Pocahontas County in 2020?
In 2020, the median gross rent in Pocahontas County, West Virginia was $638 per month.
What is the price-to-rent ratio in Pocahontas County, West Virginia?
The price-to-rent ratio in Pocahontas County, West Virginia is about 3.8, meaning it would take roughly 3.8 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 Pocahontas County.
Are home prices or rent rising faster in Pocahontas County, West Virginia?
Home prices and rent are moving in opposite directions in Pocahontas County: home prices fell about 8.8% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Pocahontas County, West Virginia?
37.5% of households in Pocahontas County, West Virginia own their home, lower than the West Virginia average of 62.4%.
What is the vacancy rate in Pocahontas County, West Virginia?
The housing vacancy rate in Pocahontas County, West Virginia is 54.8%, higher than the West Virginia average of 16.1%.