Real Estate Investing in Mullens, West Virginia (24726)
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Should you buy in 24726 (Mullens, WV)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Lower household income: $27,159 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mullens, WV (24726)?
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Market Analysis: 24726 Mullens
In Mullens's 24726 ZIP, the arithmetic favors hands-on owners. Median home values records $53K, leaving spread for capex-heavy BRRRR or reposition strategies.
ZIP 24726 favors investors with a contractor on speed dial. In practical terms, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $783/mo average.
The a credible choice for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 24726 has not.
Household income in 24726 supports the rent-lift thesis. 531 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Experienced operators with contractor networks find 24726 a strong candidate for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Mullens:
Property Strategy for 24726
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $42,296 | $870 | 14.8% | — | $21,148 |
| 3BR | $59,517 | $1,170 | 14.2% | +2.5% | $19,839 |
Market Trends
Home Value History (with trend line)
📊 How Does 24726 Compare?
| Metric | 24726 | Mullens | West Virginia |
|---|---|---|---|
| Home Value | $53,285 | $81,086 | $169,372 |
| 5-Year CAGR | 2.6% | 3.3% | 6.1% |
| Avg Rent | $783 | $819 | - |
| Cap Rate | 11.5% | 9.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24726 (Mullens, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $53,285 |
| Monthly Rent | $783 |
| Price-to-Rent | 5.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.6% |
| Cap Rate | 11.5% |
| 5-Year IRR | 14.1% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 24726
Population: 531
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 24726
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Herndon Cons Elementary & Middle School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How much should I expect to pay for a home in Mullens, WV?
Mullens, WV median home values land near $53K. That is reasonable territory for investors looking at $783/mo-per-month rentals.
Is Mullens, WV good for BRRRR investors?
Yes - BRRRR is a strong in Mullens, WV. The $53K home values and $783/mo rents anchor the refinance math.
What strategy should investors use in Mullens, WV?
In Mullens, WV the notable play is typically value-add and BRRRR deals. The combination of $53K prices and $783/mo rents suits that approach.
How viable is house hacking in Mullens, WV?
Mullens, WV offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $783/mo rent level.
Does the 1% rule work in Mullens, WV?
Yes, many Mullens, WV properties clear the 1% rule. The rent-to-price ratio averages 1.47%, supported by $783/mo rents.
You know 24726 now. You don’t know where it ranks.
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