Real Estate Investing in War, West Virginia (24892)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24892 (War, 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: 33.9% of homes vacant — above national norms.
- Declining values: -4.0% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 13.3% in the last year.
- Elevated poverty: 41.6% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in War, WV (24892)?
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Market Analysis: 24892 War
ZIP 24892 offers what many appreciation markets cannot: an affordable basis at $33K and rent support of $783/mo for rehab-driven equity creation in McDowell County.
ZIP 24892 favors investors with a contractor on speed dial. From a cash-flow lens, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $783/mo average.
Statewide, WV value-add investors migrate toward ZIPs with 24892's profile — older stock, soft but real rent growth, and $33K pricing that keeps rehab math workable.
The 24892 ZIP's demographic trend has been one of stability with upside — population of 1,636, steady renter share, and an incoming cohort that is willing to pay for improved units.
The sturdy opportunity in 24892 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in War:
Market Trends
Home Value History (with trend line)
📊 How Does 24892 Compare?
| Metric | 24892 | War | West Virginia |
|---|---|---|---|
| Home Value | $32,849 | $32,849 | $169,372 |
| 5-Year CAGR | N/A | N/A | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 18.6% | 18.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24892 (War, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $32,849 |
| Monthly Rent | $783 |
| Price-to-Rent | 3.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 28.6% |
| Cap Rate | 18.6% |
| 5-Year IRR | 14.6% |
📈 Home Appreciation
| 1-Year | -13.3% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | -4.0% ▼ |
| 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 (18.6%) 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 24892
Population: 1,636
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 24892
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
What do landlords charge for rent in War, WV?
The typical rental in War, WV commands about $783/mo monthly. That rent profile even-keeled cash flow against the $33K purchase basis.
Is War, WV a 1% rule market?
The median property in War, WV ($33K at $783/mo rent) a 2.38% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
Is real estate in War, WV a good investment right now?
Our data puts War, WV at 4.0/5 for investability. Home prices of $33K and rents around $783/mo create a solid backdrop for investor activity.
What is the smart move for investors in War, WV?
Investors usually favor value-add and BRRRR deals in War, WV. With home values at $33K and rents near $783/mo, other strategies can work but produce measured rather than outsized returns.
Is War, WV good for house hacking?
War, WV is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $33K price point reasonable to enter.
You know 24892 now. You don’t know where it ranks.
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