The story of this market
The typical home in Charles Town, West Virginia sells for about $404,752, or $177 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
Monthly price momentum
Home values since 2015
+8.9%
WV · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Charles Town, West Virginia
Charles Town is experiencing a robust housing market driven by significant population growth and its appeal as a commuter hub. While inventory remains tight, the city's strong income levels and ongoing development suggest continued demand. The market is currently characterized by high sale-to-list ratios and steady price appreciation.
No ARED county foreclosure postings attributed to Charles Town yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 6.5% year over year.
Homes spend a median of 38 days on market with 5.1 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 6.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional anchor featuring thoroughbred racing and casino gaming, serving as a primary economic and entertainment driver.
Preserves the city's 18th-century roots, offering a walkable downtown area that attracts tourism and supports local property values.
Located in close proximity, this site provides extensive hiking, history, and outdoor recreation that serves the broader Charles Town community.
Charles Town is well-suited for commuters seeking a lower cost of living than the D.C. metro area, as well as families looking for a historic, small-town environment with modern amenities.
Public education is served by the Jefferson County school system, which maintains a standard regional curriculum and performance profile.
The city is served by regional highway corridors that facilitate access to the D.C. metro area, though public transit options remain limited.
The city offers significant historical and gaming amenities, including the Charles Town Historic District and the Hollywood Casino at Charles Town Races, alongside proximity to regional parks.
The rental market is characterized by a 25.5% renter share with moderate vacancy pressure, supported by demand from commuters and local service-sector employees.
The economy is anchored by the gaming and hospitality sector, supplemented by logistics and a growing population of commuters working in the D.C. metro area.
Charles Town is experiencing steady growth driven by its proximity to the Washington-Arlington-Alexandria metro area, with ongoing residential and logistics-related development.
Development is focused on residential expansion and logistics infrastructure to accommodate the city's rapid population growth.
Parcels are subject to Jefferson County school and municipal tax levies, with no significant MUD/PID structures reported.
The area is subject to standard regional flood and wind risks common to the Eastern Panhandle of West Virginia, with insurance premiums reflecting these environmental factors.
Property insurance markets are stable but sensitive to regional weather patterns, with premiums generally aligned with West Virginia state averages.
Property taxes are assessed at the county level with a median effective rate of 0.70%, while the city imposes a 1% municipal sales tax on top of the 6% state rate.
Data retrieved from US Census Bureau QuickFacts and Data USA.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.