Real Estate Investing in Pineville, West Virginia (24874)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24874 (Pineville, 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: 30.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
- Higher unemployment: 7.4% unemployment — tenant risk signal.
- Lower household income: $37,209 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pineville, WV (24874)?
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Market Analysis: 24874 Pineville
In Pineville's 24874 ZIP, the arithmetic favors hands-on owners. Median home values comes in at $78K, leaving spread for capex-heavy BRRRR or reposition strategies.
In 24874, the deal is made on the buy and on the capex. significant entry prices of $78K leave room in the budget for light-to-medium renovation, with rent lift to match.
The an appealing option for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 24874 has not.
Residents in 24874 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
The strategy in 24874 is forced equity, not market equity. Stepping back, entry prices are accommodating at $78K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Pineville:
Property Strategy for 24874
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $57,637 | $870 | 10.9% | +2.3% | $28,819 |
| 3BR | $84,616 | $1,170 | 10.0% | +1.1% | $28,205 |
| 4BR | $109,783 | $1,180 | 7.7% | — | $27,446 |
Market Trends
Home Value History (with trend line)
📊 How Does 24874 Compare?
| Metric | 24874 | Pineville | West Virginia |
|---|---|---|---|
| Home Value | $77,681 | $77,681 | $169,372 |
| 5-Year CAGR | 0.2% | 0.2% | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 7.9% | 7.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24874 (Pineville, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $77,681 |
| Monthly Rent | $783 |
| Price-to-Rent | 8.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.1% |
| Cap Rate | 7.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +0.2% ▲ |
| 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 (7.9%) 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 24874
Population: 1,949
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 24874
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.
Frequently Asked Questions
Is Pineville, WV suited for a house hack?
House hacking in Pineville, WV is reasonable to execute. Prices around $78K and rents of $783/mo solid owner-occupant economics.
Are 1% rule properties available in Pineville, WV?
The 1% rule in Pineville, WV is reasonable to achieve. Rent-to-price at the median ($783/mo on $78K) lands around 1.01%.
Where do rents currently stand in Pineville, WV?
Expect rents around $783/mo per month in Pineville, WV. With home values at $78K, the yield math works out to reasonable levels for rental investors.
Does buy-rehab-rent-refinance work in Pineville, WV?
Pineville, WV is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $783/mo produces solid refinance appraisals against $78K values.
How does Pineville, WV rate as a rental market?
Our data puts Pineville, WV at 4.0/5 for investability. Home prices of $78K and rents around $783/mo create a solid backdrop for investor activity.
You know 24874 now. You don’t know where it ranks.
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