Real Estate Investing in Asbury, West Virginia (24916)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24916 (Asbury, WV)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.4 — hard to cash-flow at these prices.
• 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 Asbury, WV (24916)?
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Market Analysis: 24916 Asbury
The 24916 ZIP covers a section of Asbury that demands careful diligence. Prices near $266K look accessible, but the work to make a deal cash flow is real.
Rent of $810/mo on a $266K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24916 sits below the stated 0.0% once reality is priced in.
Put differently, 24916 offers a low basis, the region around Asbury has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On the rental side, 369 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. solid returns are possible in 24916, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Asbury:
Market Trends
Home Value History (with trend line)
📊 How Does 24916 Compare?
| Metric | 24916 | Asbury | West Virginia |
|---|---|---|---|
| Home Value | $266,469 | $266,469 | $169,372 |
| 5-Year CAGR | 4.9% | 4.9% | 6.1% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24916 (Asbury, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $266,469 |
| Monthly Rent | $810 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 24916
Population: 369
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
Are renters plentiful in Asbury, WV?
Working renters make up the core of the Asbury, WV tenant base. The pool is reasonable for investors targeting long-term holds.
How strong is Asbury, WV for real estate investors?
Asbury, WV scores 3.0/5 for investability. Home values sit at $266K and rents near $810/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much does a house cost in Asbury, WV?
Homes in Asbury, WV typically sell near $266K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Asbury, WV landlord-friendly?
WV ranks as a landlord-friendly state for landlord-tenant law. Asbury generally follows the statewide framework, so landlords face reasonable operating rules.
Do rentals sit vacant long in Asbury, WV?
Expect elevated vacancy in Asbury, WV. Rents at $810/mo are absorbed by the tenant base without meaningful lag.
You know 24916 now. You don’t know where it ranks.
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