The story of this market
The typical home in Parsons, West Virginia sells for about $96,300, or $75 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 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.
Parsons, West Virginia
Parsons remains a highly affordable but slow-moving market, with low home values and limited inventory. The market is heavily constrained by flood-risk designations and a lack of significant economic drivers, leading to a stable but stagnant outlook.
No ARED county foreclosure postings attributed to Parsons 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 2.5% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 15.2% · poverty 19.8% — a mixed stability 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 vast protected area offering extensive hiking, camping, and wildlife viewing, serving as a primary regional draw for tourism.
Provides opportunities for fishing, kayaking, and scenic recreation, though it also presents significant flood risks to adjacent properties.
A central community space providing local recreational facilities, playgrounds, and picnic areas for residents.
Parsons is best suited for outdoor enthusiasts, retirees, and budget-conscious families seeking a quiet, rural lifestyle with low entry costs, though buyers must be wary of flood-zone risks.
Schools in the area are part of the Tucker County school system, which serves a small, rural student population with limited extracurricular resources.
The city is served by state routes; there is no public transit, and residents rely entirely on personal vehicles for commuting.
Parsons serves as a gateway to the Monongahela National Forest, offering immediate access to hiking, fishing on the Cheat River, and outdoor recreation.
The rental market is characterized by low inventory and high demand for affordable housing, with limited new construction and a reliance on older housing stock.
The economy is anchored by local government, small-scale manufacturing, and a growing tourism sector linked to the surrounding national forest.
Economic growth is modest, driven primarily by local government, small-scale timber/woodworking, and tourism related to the Monongahela National Forest.
Development is limited to small-scale residential and infrastructure maintenance due to geographic constraints and flood-plain limitations.
Parcels are subject to county-level school and emergency service levies; there are no active MUDs or PIDs reported.
Crime rates in Parsons are generally low, consistent with small-town rural West Virginia, though specific localized data is limited.
The city faces significant flood risk due to its location along the Cheat River, with many residential parcels designated as high-risk flood zones.
Property insurance premiums are elevated due to the high-risk flood designation of many residential areas within the city.
Property taxes are assessed at the county level by the Tucker County Assessor, with rates applied to the assessed value of real property; the city does not levy a separate municipal income tax.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and Data USA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.