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Published: December 28, 2006
Legendary explorer La Salle began his exploration of the Ohio valley in 1669, making the area surrounding the Ohio River a magnet for fur traders and land seekers. Today, migration to this area continues, making Ohio valley real estate one of the prime targets in the nation.
According to Parkersburg Real Estate, thousands of American citizens choose to purchase Ohio valley real estate because the weather is moderate, the crime rate is low, neighborhoods are diverse, real estate taxes are reasonable, cultural and recreational opportunities are available, the job market is stable and homes are affordable.
Parkersburg Real Estate specializes in the mid-Ohio valley, which includes the Wood and Washington County communities of Parkersburg, Vienna, Belpre, Marietta, Williamstown, Washington and Mineral Wells.
Parkersburg is the largest city in the Ohio valley, making it a prime location for Ohio valley real estate.
With a population of more than 33,000, this city is the third largest in the state and rests comfortably on the banks of the Ohio River. Three high schools—Parkersburg High School, Parkersburg South High School and Parkersburg Catholic High School—provide ample options for educating the city's youth.
Parkersburg's median household income is $26,990, according to the 2000 United States census, and the median income for a family is $33,081. Affordable homes are requisite for this quaint city.
Ohio valley real estate features low price listings for high-quality homes. For example, in Williamston, W.Va., a four-bedroom, three-bathroom home costs $279,500. In Vienna, W.Va., the same size home costs just $159,900. The homes, which each are approximately 3,000 square feet, differ in price by more than $100,000.
Ohio valley real estate offers reasonable mortgage rates, too. According to the Ohio Valley Bank, a 15-year fixed conforming mortgage has a 6 percent rate, with 6.105 percent APR. 30-year fixed mortgages have rates of 6.2 percent, with 6.313 percent APR. Finally, 5/1-year fixed mortgage rates are 7 percent, with 7.565 percent APR. For those unfamiliar with mortgages, APR is the annual percentage rate expressing the cost of credit consumers are expected to pay.
For those who may have difficulty reaching home payments, Ohio valley real estate offices offer sub-prime mortgages. Sub-prime loans often are given to those who do not have the credit history, down payment or income level traditionally required to be approved for a mortgage. Predictably, sub-prime mortgages have higher rates and fees than typical mortgage packages.
Sources:
Check Interest Rates. 21 Dec. 2006.
For Sale. 2006. The Ohio Valley. 21 Dec. 2006.
Ohio. 2006. Answers. 21 Dec. 2006.
Parkersburg Real Estate. 21 Dec. 2006.
Upper Ohio Valley Real Estate News. 21 Dec. 2006.
According to Parkersburg Real Estate, thousands of American citizens choose to purchase Ohio valley real estate because the weather is moderate, the crime rate is low, neighborhoods are diverse, real estate taxes are reasonable, cultural and recreational opportunities are available, the job market is stable and homes are affordable.
Parkersburg Real Estate specializes in the mid-Ohio valley, which includes the Wood and Washington County communities of Parkersburg, Vienna, Belpre, Marietta, Williamstown, Washington and Mineral Wells.
Parkersburg is the largest city in the Ohio valley, making it a prime location for Ohio valley real estate.
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Parkersburg's median household income is $26,990, according to the 2000 United States census, and the median income for a family is $33,081. Affordable homes are requisite for this quaint city.
Ohio valley real estate features low price listings for high-quality homes. For example, in Williamston, W.Va., a four-bedroom, three-bathroom home costs $279,500. In Vienna, W.Va., the same size home costs just $159,900. The homes, which each are approximately 3,000 square feet, differ in price by more than $100,000.
Ohio valley real estate offers reasonable mortgage rates, too. According to the Ohio Valley Bank, a 15-year fixed conforming mortgage has a 6 percent rate, with 6.105 percent APR. 30-year fixed mortgages have rates of 6.2 percent, with 6.313 percent APR. Finally, 5/1-year fixed mortgage rates are 7 percent, with 7.565 percent APR. For those unfamiliar with mortgages, APR is the annual percentage rate expressing the cost of credit consumers are expected to pay.
For those who may have difficulty reaching home payments, Ohio valley real estate offices offer sub-prime mortgages. Sub-prime loans often are given to those who do not have the credit history, down payment or income level traditionally required to be approved for a mortgage. Predictably, sub-prime mortgages have higher rates and fees than typical mortgage packages.
Sources:
Check Interest Rates. 21 Dec. 2006.
For Sale. 2006. The Ohio Valley. 21 Dec. 2006.
Ohio. 2006. Answers. 21 Dec. 2006.
Parkersburg Real Estate. 21 Dec. 2006.
Upper Ohio Valley Real Estate News. 21 Dec. 2006.
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