Real Estate Investing in Clear Fork, West Virginia (24860)
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Should you buy in 24860 (Clear Fork, WV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 47.8% of homes vacant — above national norms.
• 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 Clear Fork, WV (24860)?
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Market Analysis: 24860 Clear Fork
Within Wyoming County, the 24860 ZIP registers a lower entry point around $74K. Put differently, operators who can improve stock here typically see outsized uplift.
Investors in 24860 do not buy the market average — they buy the unit they can improve. $74K median pricing and $783/mo comps define the envelope within which the work has to pay.
Statewide, WV value-add investors migrate toward ZIPs with 24860's profile — older stock, soft but real rent growth, and $74K pricing that keeps rehab math workable.
A renter-heavy, wage-earner demographic anchors 24860. Value-add players rely on that mix — the 30% share is both the tenant source and the buyer pool for future owner-occupied exits.
Flippers with local expertise can do well in 24860. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Clear Fork:
Market Trends
Home Value History (with trend line)
📊 How Does 24860 Compare?
| Metric | 24860 | Clear Fork | West Virginia |
|---|---|---|---|
| Home Value | $74,486 | $74,486 | $169,372 |
| 5-Year CAGR | 1.8% | 1.8% | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 8.2% | 8.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24860 (Clear Fork, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $74,486 |
| Monthly Rent | $783 |
| Price-to-Rent | 7.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.6% |
| Cap Rate | 8.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 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 (8.2%) 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 24860
Population: 437
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
Is Clear Fork in WV worth investing in?
Clear Fork, WV rates 4.0/5 for investability. With median values at $74K and rents near $783/mo, the market offers reasonable fundamentals for rental investors.
Do properties in Clear Fork, WV satisfy the 1% rule?
Yes, many Clear Fork, WV properties clear the 1% rule. The rent-to-price ratio averages 1.05%, supported by $783/mo rents.
Is Clear Fork, WV good for house hacking?
Clear Fork, WV is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $74K price point reasonable to enter.
How much should I expect to pay for a home in Clear Fork, WV?
Clear Fork, WV home values average about $74K. That price point suits investors targeting rentals with $783/mo in monthly income.
What is the typical rental rate in Clear Fork, WV?
Expect rents around $783/mo per month in Clear Fork, WV. With home values at $74K, the yield math works out to reasonable levels for rental investors.
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