Real Estate Investing in Jolo, West Virginia (24850)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24850 (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: 100.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 9.4% 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 (24850)?
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Market Analysis: 24850 Jolo
Homes in the 24850 ZIP trade near $45K, a discount that has historically rewarded investors willing to renovate. Rent comps near $783/mo support the pro forma.
Flippers and value-add operators have treated 24850 as a working ZIP for a reason. Entry prices around $45K and a deep rental base of 0% renters underpin the exit strategy on both the sale and rent sides.
In McDowell County, 24850 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
The resident base in 24850 runs younger and more tenure-renter than county averages. 0% households lease, which is the demand source for post-rehab rent lifts.
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 Jolo:
Market Trends
Home Value History (with trend line)
📊 How Does 24850 Compare?
| Metric | 24850 | Jolo | West Virginia |
|---|---|---|---|
| Home Value | $44,810 | $45,544 | $169,372 |
| 5-Year CAGR | N/A | N/A | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 13.6% | 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 24850 (Jolo, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $44,810 |
| Monthly Rent | $783 |
| Price-to-Rent | 4.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 21.0% |
| Cap Rate | 13.6% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | -9.4% ▼ |
| 3-Year CAGR | -9.2% ▼ |
| 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 (13.6%) 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 24850
Population: 0
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 house hacking profitable in Jolo, WV?
For house hackers, Jolo, WV is an attractive. The $783/mo rent on a unit helps defray the mortgage on a $45K property.
How expensive is real estate in Jolo, WV?
Homes in Jolo, WV typically sell near $45K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How does Jolo, WV stack up for property investment?
The 4.0/5 investability rating in Jolo, WV reflects its $45K prices and $783/mo rents. Investors generally consider it a solid option within WV.
Does BRRRR pencil out in Jolo, WV?
BRRRR viability in Jolo, WV is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
What strategy should investors use in Jolo, WV?
In Jolo, WV the significant play is typically value-add and BRRRR deals. The combination of $45K prices and $783/mo rents suits that approach.
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