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Gerrardstown, WV—25420

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$337,000
4.8% YoY Growth
Household Income
$96,000
37.6% YoY Growth
Days on Market
77
27.0% Longer YoY
Home Price Forecast
3.3%
Median Rent
$1,400
13.6% YoY Growth
1-Bed Rent
$1,300
45.7% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,400
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gerrardstown, WV

As of Dec '25, the median home price in Gerrardstown, WV is $337,000, with a year-over-year change of 4.8%. This indicates that home prices in Gerrardstown, WV are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$337,0004.8%
Single Family $337,0005.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$220,0006.3%
    3 Bed
    		$341,0004.6%
    4 Bed
    		$453,0004.4%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    5.2%
    2 Bedrooms
    38.8%
    3 Bedrooms
    24.6%
    4 Bedrooms
    25.4%
    5+ Bedrooms
    6.0%

    Rental Trends — Gerrardstown, WV

    As of July '25, Rentcast reports the average rent in Gerrardstown, WV is $1,500, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Gerrardstown, WV is 1-bedrooms: $1,300, 3-bedrooms: $1,600. The most common rental property sizes in Gerrardstown, WV are 2-bedroom and 1-bedroom, accounting for 72.5% and 22.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,500
    Studio Rent N/AN/A
    1 Bed Rent $1,300$1,300
    2 Bed Rent N/AN/A
    3 Bed Rent $1,400$1,600
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    22.4%
    2 Bedrooms
    72.5%
    4 Bedrooms
    5.0%

    Property Listings — Gerrardstown, WV

    As of Dec '25, Realtor.com reports that the median days on market for a home in Gerrardstown, WV is 64. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$340,000-20.0%
    Listing Count
    		2645.0%
    Listings as % of Homes0.9%45.0%
    Days on Market
    		7727.0%
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    Demographics — Gerrardstown, WV

    As of the latest ACS Survey released in 2023, Gerrardstown, WV has a population of 5,090, which has increased by 21.1% over the past 5 years. Gerrardstown, WV is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 40.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		5,09021.1%
    % Under 18
    		22.7%-3.0%
    % Seniors
    		19.2%29.7%
    % WFH
    		9.5%239.3%
    % w/ College Degree
    		40.3%85.7%
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    As of the latest ACS Survey released in 2023, Gerrardstown, WV is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Gerrardstown, WV is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.2% of the population in Gerrardstown, WV, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.8%-2.5%
    % Black
    		0.9%0.0%
    % Hispanic
    		1.8%∞%
    % Asian
    		0.0%N/A
    % Foreign Born
    		1.2%50.0%
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    Mortgage and Risk — Gerrardstown, WV

    According to HUD data as of 2023, there were 119 mortgage originations in Gerrardstown, WV, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Gerrardstown, WV. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		119
    % Conventional Loans
    		68.0%
    % Government Loans
    		32.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Gerrardstown, WV

    Gerrardstown, WV lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$300$1,300$1,000
    2 BedroomN/AN/A$1,260
    3 Bedroom$350$1,400$1,750
    4 BedroomN/AN/A$2,120

    Affordability — Gerrardstown, WV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$337,000
    Median Household Income$96,000

    Gerrardstown, WV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Inwood, WV

    25428

    Bunker Hill, WV

    25413

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    22624

    Winchester, VA

    22603

    Hedgesville, WV

    25427

    Frequently Asked Questions