Real Estate Investing in Matoaka, West Virginia (24736)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24736 (Matoaka, WV)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 35.6% of homes vacant — above national norms.
- Declining values: -0.6% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 10.6% in the last year.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
• 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 Matoaka, WV (24736)?
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Market Analysis: 24736 Matoaka
The 24736 ZIP reports an notable value-add profile — below-median pricing at $57K, a renter base of 13%, and room for operational improvement.
BRRRR works in 24736 because the math supports it. Buy at $57K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Across WV, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 24736 stands at both traits clearly.
Demographically, 24736 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
Value-add plays pencil in 24736 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Matoaka:
Market Trends
Home Value History (with trend line)
📊 How Does 24736 Compare?
| Metric | 24736 | Matoaka | West Virginia |
|---|---|---|---|
| Home Value | $56,684 | $56,684 | $169,372 |
| 5-Year CAGR | N/A | N/A | 6.1% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 11.0% | 11.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24736 (Matoaka, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $56,684 |
| Monthly Rent | $801 |
| Price-to-Rent | 5.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.0% |
| Cap Rate | 11.0% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | -10.6% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | -0.6% ▼ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.0%) 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 24736
Population: 724
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 24736
Schools in This ZIP Code
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Matoaka, WV?
Yes - Matoaka, WV a 4.0/5 investability score. With $57K home prices against $801/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does house hacking work in Matoaka, WV?
For house hackers, Matoaka, WV is an attractive. The $801/mo rent on a unit helps defray the mortgage on a $57K property.
Does the 1% rule work in Matoaka, WV?
Yes, many Matoaka, WV properties clear the 1% rule. The rent-to-price ratio averages 1.41%, supported by $801/mo rents.
What strategy should investors use in Matoaka, WV?
Most investors in Matoaka, WV run a value-add and BRRRR deals strategy. It aligns with the 4.0/5 investability profile and the market fundamentals.
Can BRRRR investors find deals in Matoaka, WV?
BRRRR in Matoaka, WV is a strong. The interplay of $57K values and $801/mo rents creates reasonable refinance conditions.
You know 24736 now. You don’t know where it ranks.
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