Parsons, WV housing market
The typical Parsons home is worth about $139,000, down 2.3% in a year, 22% below the West Virginia typical home.
Home values, sales, trends and how Parsons compares with the towns next door — updated as new data is published.
Parsons at a glance
Typical home value, 2016–2026
Show as a table
| January | Parsons | West Virginia |
|---|---|---|
| 2017 | $86,000 | $114,000 |
| 2018 | $88,000 | $116,000 |
| 2019 | $96,000 | $120,000 |
| 2020 | $97,000 | $122,000 |
| 2021 | $114,000 | $137,000 |
| 2022 | $122,000 | $149,000 |
| 2023 | $137,000 | $158,000 |
| 2024 | $143,000 | $163,000 |
| 2025 | $149,000 | $175,000 |
| 2026 | $142,000 | $176,000 |
| August 2026 | $139,000 | $180,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Parsons in 2025. That's 0.7 per 1,000 residents, slower than across West Virginia (2.9). Over the past 10 years, Parsons has permitted 12 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Parsons's population fell by 158 even though 13 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $100,000 |
| 2024 | 1 | 1 | 0 | $100,000 |
| 2023 | 3 | 3 | 0 | $335,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 3 | 3 | 0 | $398,000 |
| 2019 | 3 | 3 | 0 | $398,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $100,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $20,000 |
| 2011 | 2 | 2 | 0 | $220,000 |
| 2010 | 6 | 6 | 0 | $415,000 |
| 2009 | 7 | 7 | 0 | $485,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 8 | 8 | 0 | $468,000 |
| 2005 | 9 | 9 | 0 | $527,000 |
| 2004 | 8 | 8 | 0 | $468,000 |
| 2003 | 7 | 7 | 0 | $410,000 |
| 2002 | 7 | 7 | 0 | $410,000 |
| 2001 | 6 | 6 | 0 | $351,000 |
| 2000 | 6 | 6 | 0 | $351,000 |
Parsons's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.4 years of income
The typical Parsons home costs about 3.4 years of the town's median household income, more than across West Virginia (3 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Parsons is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Parsons pay a median of $650, so moving in tends to cost more than staying put. A two-bedroom takes about 28% of the town's median household income.
Studio $760 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (26287; Morgantown, WV MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Parsons
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.