menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hedgesville, WV Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hedgesville, WV Housing Market Trends

With a population of 298, 108 total housing units (homes and apartments), and a median house value of $310,057, Hedgesville real estate is some of the most expensive in West Virginia, although Hedgesville home values aren't among America's most expensive.

Row houses and other attached homes are the single most common housing type in Hedgesville, accounting for 53.85% of the town's housing units. Other types of housing that are prevalent in Hedgesville include single-family detached homes ( 36.75%), large apartment complexes or high rise apartments ( 5.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.27%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Hedgesville are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 50.93% owning and 49.07% renting.

There is a lot of housing in Hedgesville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hedgesville built before 1939 ( 24.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.37%). There's also some housing in Hedgesville built between 1940-1969 ( 5.13%).

Hedgesville Home Appreciation Rates

Real estate appreciation rates in Hedgesville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.15% during the period.

Over the last year, Hedgesville appreciation rates have trailed the rest of the nation. In the last twelve months, Hedgesville's appreciation rate has been 4.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hedgesville were at 5.18%, which equates to an annual appreciation rate of 22.39%.

Importantly, this makes Hedgesville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to West Virginia, our data show that Hedgesville's latest annual appreciation rate is lower than 80% of the other cities and towns in West Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Hedgesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hedgesville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hedgesville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$310,057

Hedgesville, WV Home Prices
> $1,251,000
$939,001 - $1,251,000
$626,001 - $939,000
$501,001 - $626,000
$375,001 - $501,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
0.4%
0.4%
2.8%
2.8%
2.9%
2.9%
11.8%
11.8%
13.3%
13.3%
32.2%
32.2%
29.0%
29.0%
2.6%
2.6%
5.0%
5.0%
0% 100.0%
% of Homes
Very High

for West virginia

Average

for nation

Number of Homes And Apartments:

108

Hedgesville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,039 / per month

Homeownership Rate

Owners
Renters
50.9%
50.9%
49.1%
49.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.4%
21.4%
48.7%
48.7%
5.1%
5.1%
24.8%
24.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.8%
36.8%
53.8%
53.8%
4.3%
4.3%
5.1%
5.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.5%
8.5%
36.8%
36.8%
35.9%
35.9%
14.5%
14.5%
4.3%
4.3%
0% 100.0%
% of Homes