It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Clarksburg, WV metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 18 cities and towns with data available were included in the list.
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#18. Despard, WV
- 1-year price change: +$2,628 (+5.5%)
- 5-year price change: +$10,353 (+25.9%)
- Typical home value: $50,341 (#18 most expensive city in metro)
#17. Enterprise, WV
- 1-year price change: +$6,514 (+7.7%)
- 5-year price change: +$22,348 (+32.7%)
- Typical home value: $90,794 (#13 most expensive city in metro)
#16. Wallace, WV
- 1-year price change: +$6,756 (+9.2%)
- 5-year price change: +$24,010 (+42.8%)
- Typical home value: $80,097 (#16 most expensive city in metro)
#15. Flemington, WV
- 1-year price change: +$8,576 (+10.4%)
- 5-year price change: +$24,010 (data not available)
- Typical home value: $90,725 (#14 most expensive city in metro)
#14. Lumberport, WV
- 1-year price change: +$8,850 (+9.8%)
- 5-year price change: +$31,537 (+46.8%)
- Typical home value: $98,894 (#11 most expensive city in metro)
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#13. Clarksburg, WV
- 1-year price change: +$9,708 (+11.9%)
- 5-year price change: +$23,554 (+34.9%)
- Typical home value: $90,974 (#12 most expensive city in metro)
#12. Anmoore, WV
- 1-year price change: +$9,944 (+20.6%)
- 5-year price change: +$19,525 (+50.5%)
- Typical home value: $58,185 (#17 most expensive city in metro)
#11. Stonewood, WV
- 1-year price change: +$10,717 (+10.3%)
- 5-year price change: +$31,952 (+38.4%)
- Typical home value: $115,190 (#7 most expensive city in metro)
#10. Nutter Fort, WV
- 1-year price change: +$10,897 (+11.6%)
- 5-year price change: +$29,913 (+40.1%)
- Typical home value: $104,512 (#10 most expensive city in metro)
#8. Shinnston, WV
- 1-year price change: +$11,764 (+10.9%)
- 5-year price change: +$33,867 (+39.5%)
- Typical home value: $119,607 (#6 most expensive city in metro)
#7. Grafton, WV
- 1-year price change: +$12,905 (+13.6%)
- 5-year price change: +$34,966 (+47.9%)
- Typical home value: $107,918 (#9 most expensive city in metro)
#6. West Union, WV
- 1-year price change: +$13,666 (+19.5%)
- 5-year price change: +$22,901 (+37.6%)
- Typical home value: $83,789 (#15 most expensive city in metro)
#5. New Milton, WV
- 1-year price change: +$14,013 (+10.1%)
- 5-year price change: +$52,230 (+51.9%)
- Typical home value: $152,867 (#4 most expensive city in metro)
#3. Lost Creek, WV
- 1-year price change: +$19,080 (+13.6%)
- 5-year price change: +$43,895 (+38.1%)
- Typical home value: $159,043 (#3 most expensive city in metro)
#2. Mount Clare, WV
- 1-year price change: +$21,273 (+12.3%)
- 5-year price change: +$55,071 (+39.4%)
- Typical home value: $194,769 (#2 most expensive city in metro)
#1. Bridgeport, WV
- 1-year price change: +$23,475 (+10.5%)
- 5-year price change: +$61,514 (+33.0%)
- Typical home value: $247,889 (#1 most expensive city in metro)
