Real Estate Investing in Dunmore, West Virginia (24934)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24934 (Dunmore, 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: 58.1% of homes vacant — above national norms.
- Lower household income: $39,135 median — tenant affordability is tighter.
• 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 Dunmore, WV (24934)?
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Market Analysis: 24934 Dunmore
The 24934 ZIP covers a section of Dunmore that demands careful diligence. Prices near $167K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 24934 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader WV picture, 24934 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Turning to rents, 328 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.
Strategically, 24934 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Dunmore:
Property Strategy for 24934
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,543 | $880 | 5.1% | +8.8% | $62,272 |
| 3BR | $203,264 | $1,160 | 4.1% | +8.4% | $67,755 |
Market Trends
Home Value History (with trend line)
📊 How Does 24934 Compare?
| Metric | 24934 | Dunmore | West Virginia |
|---|---|---|---|
| Home Value | $167,408 | $167,408 | $169,372 |
| 5-Year CAGR | 5.0% | 5.0% | 6.1% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24934 (Dunmore, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,408 |
| Monthly Rent | $792 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.7%). 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 24934
Population: 328
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 24934
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
How much does a house cost in Dunmore, WV?
Homes in Dunmore, WV typically sell near $167K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How deep is the rental pool in Dunmore, WV?
The tenant pool in Dunmore, WV is solid, supported by local employment and population fundamentals. Rents of $792/mo are well-absorbed by the market.
What monthly rent should investors expect in Dunmore, WV?
Average rent in Dunmore, WV is approximately $792/mo per month. Against $167K home values that yields a reasonable rent-to-price ratio.
Does Dunmore, WV make sense for an investment property?
The 3.0/5 investability rating in Dunmore, WV reflects its $167K prices and $792/mo rents. Investors generally consider it a solid option within WV.
Which real estate strategy fits Dunmore, WV?
The best-fit strategy in Dunmore, WV is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 24934 now. You don’t know where it ranks.
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