Real Estate Investing in Ballard, West Virginia (24918)
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Should you buy in 24918 (Ballard, 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: 32.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ballard, WV (24918)?
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Market Analysis: 24918 Ballard
The 24918 ZIP in Ballard, WV is a local-operator market. Outside capital chasing a $211K entry has to pair deep knowledge with the discount.
For an experienced owner, 24918 can be a a strong candidate for hunting ground — but the discount at $211K reflects genuine risk that outside investors often underestimate.
ZIP 24918's metrics run below Monroe County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 24918 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 24918 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ballard:
Market Trends
Home Value History (with trend line)
📊 How Does 24918 Compare?
| Metric | 24918 | Ballard | West Virginia |
|---|---|---|---|
| Home Value | $210,759 | $210,759 | $169,372 |
| 5-Year CAGR | 8.1% | 8.1% | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24918 (Ballard, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,759 |
| Monthly Rent | $783 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +9.8% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.9%). 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 24918
Population: 1,437
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
Should investors consider Ballard, WV?
The 3.0/5 investability rating in Ballard, WV reflects its $211K prices and $783/mo rents. Investors generally consider it a solid option within WV.
How strong are rents in Ballard, WV?
The typical rental in Ballard, WV commands about $783/mo monthly. That rent profile even-keeled cash flow against the $211K purchase basis.
Is rental property easy to operate in Ballard, WV?
Landlord-friendliness in Ballard, WV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Ballard, WV suited for a house hack?
The a challenging house-hack environment in Ballard, WV reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Do rentals sit vacant long in Ballard, WV?
Expect elevated vacancy in Ballard, WV. Rents at $783/mo are absorbed by the tenant base without meaningful lag.
You know 24918 now. You don’t know where it ranks.
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