The story of this market
The typical home in Peterstown, West Virginia sells for about $200,000, or $118 per square foot.
Prices are down 12.58% from a year ago, which gives buyers more room to negotiate. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $587 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.
Peterstown, West Virginia
The Peterstown housing market is currently experiencing a contraction, with median listing prices declining year-over-year and very low sales volume. The market is characterized by high affordability relative to national standards but faces economic headwinds including a high poverty rate and limited job growth. These factors contribute to a cautious outlook for real estate liquidity in the area.
No ARED county foreclosure postings attributed to Peterstown 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 down 12.6% year over year.
Homes spend a median of 82 days on market with 41.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 16.2% · poverty 29.1% — elevated distress and economic pressure.
Peterstown is primarily suited for budget-conscious buyers and those seeking a quiet, rural lifestyle in West Virginia. It is less attractive to commuters or investors looking for high-growth urban amenities, but offers significant affordability for local residents.
Local educational attainment is lower than state and national averages, with approximately 14.2% of adults holding a bachelor's degree or higher.
Transportation is primarily dependent on personal vehicles, with no major public transit infrastructure serving the town.
Peterstown serves as a small rural hub with access to the natural landscapes of Monroe County, though specific municipal park or recreation facility data is not detailed.
The rental market is characterized by low median rents of $587 per month, reflecting the rural nature of the town. Vacancy pressure and investor activity are not explicitly quantified, though the rent-to-income ratio is approximately 16.3%.
The local economy is small and rural, with limited major employer presence. The area relies on regional Monroe County economic activity.
Economic momentum is limited, characterized by a small rural economy with no significant major corporate infrastructure or large-scale development projects currently reported.
There is no significant residential or commercial development pipeline currently reported for the city.
Parcels are subject to Monroe County and local school district levies, which are incorporated into the composite property tax rate.
The area is a rural community in Monroe County; specific local hazard profiles for flood or wildfire are not determinable through current public market data.
The effective property tax rate is 1.37%, which represents a blend of municipal, county, and school district levies. The composite rate against assessed value is reported at 2.2770%.
Data retrieved from Census ACS and CityScore.us profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.