Real Estate Investing in Davy, West Virginia (24828)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24828 (Davy, WV)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 32.9% of homes vacant — above national norms.
- 1-year downturn: Values declined 8.7% in the last year.
- Elevated poverty: 27.9% 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 Davy, WV (24828)?
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Market Analysis: 24828 Davy
Homes in the 24828 ZIP trade near $43K, a discount that has historically rewarded investors willing to renovate. Rent comps near $783/mo support the pro forma.
ZIP 24828 favors investors with a contractor on speed dial. Stepping back, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $783/mo average.
Regionally, 24828 sits on the affordable end of the McDowell County map. Meanwhile, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
The 24828 ZIP's demographic trend has been one of stability with upside — population of 642, steady renter share, and an incoming cohort that is willing to pay for improved units.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Davy:
Market Trends
Home Value History (with trend line)
📊 How Does 24828 Compare?
| Metric | 24828 | Davy | West Virginia |
|---|---|---|---|
| Home Value | $43,097 | $43,097 | $169,372 |
| 5-Year CAGR | N/A | N/A | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 14.2% | 14.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24828 (Davy, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $43,097 |
| Monthly Rent | $783 |
| Price-to-Rent | 4.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 21.8% |
| Cap Rate | 14.2% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | -8.7% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | N/A |
| 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 (14.2%) 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 24828
Population: 642
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
Frequently Asked Questions
How much should I expect to pay for a home in Davy, WV?
Davy, WV home values average about $43K. That price point suits investors targeting rentals with $783/mo in monthly income.
How do BRRRR numbers look in Davy, WV?
Operators BRRRR-ing in Davy, WV report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
What real estate strategy is ideal for Davy, WV?
Investors who focus on value-add and BRRRR deals typically do well in Davy, WV. The numbers - $43K homes against $783/mo rents - support that play.
Is Davy, WV a good place for real estate investing?
With a 4.0/5 investability score, Davy, WV ranks as a solid market for rental property investors. Median prices of $43K and rents of $783/mo drive the underlying numbers.
Can I live-in-and-rent in Davy, WV?
Davy, WV is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $43K price point reasonable to enter.
You know 24828 now. You don’t know where it ranks.
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