Real Estate Investing in Jolo, West Virginia (24873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24873 (Jolo, 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: 13.1% of homes vacant — above national norms.
- 1-year downturn: Values declined 13.1% in the last year.
• 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 Jolo, WV (24873)?
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Market Analysis: 24873 Jolo
Investors scanning Jolo, WV for forced-equity plays often land on the 24873 ZIP. A worth a close look for entry near $46K pairs with rents of $783/mo to widen the renovation window.
The a credible choice for angle here is forced equity, not market equity. ZIP 24873 rewards investors who can execute on scope, timeline, and tenant turnover.
Comparing Jolo submarkets, ZIP 24873 offers an entry cost that most surrounding neighborhoods have moved past. The durable delta is the opportunity.
The 24873 ZIP's demographic trend has been one of stability with upside — population of 157, steady renter share, and an incoming cohort that is willing to pay for improved units.
The strategy in 24873 is forced equity, not market equity. From a cash-flow lens, entry prices are accommodating at $46K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Jolo:
Market Trends
Home Value History (with trend line)
📊 How Does 24873 Compare?
| Metric | 24873 | Jolo | West Virginia |
|---|---|---|---|
| Home Value | $46,277 | $45,544 | $169,372 |
| 5-Year CAGR | N/A | N/A | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 13.2% | 13.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24873 (Jolo, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $46,277 |
| Monthly Rent | $783 |
| Price-to-Rent | 4.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 20.3% |
| Cap Rate | 13.2% |
| 5-Year IRR | 3.7% |
📈 Home Appreciation
| 1-Year | -13.1% ▼ |
| 3-Year CAGR | -9.5% ▼ |
| 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 (13.2%) 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 24873
Population: 157
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Jolo, WV a 1% rule market?
With rents of $783/mo on $46K homes, Jolo, WV close to the 1% rule for most properties. The actual rent-to-price ratio is 1.69%.
What is the investability score for Jolo, WV?
With a 4.0/5 investability score, Jolo, WV ranks as a solid market for rental property investors. Median prices of $46K and rents of $783/mo drive the underlying numbers.
What investment strategy works best in Jolo, WV?
Investors usually favor value-add and BRRRR deals in Jolo, WV. With home values at $46K and rents near $783/mo, other strategies can work but produce reliable rather than outsized returns.
Can I house hack in Jolo, WV?
The house hack math an attractive in Jolo, WV. Owner-occupant buyers benefit from the $783/mo rents and $46K home values.
Are homes affordable in Jolo, WV?
Typical homes in Jolo, WV go for around $46K. The 5-year CAGR of 0.0% stable price movement.
You know 24873 now. You don’t know where it ranks.
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