Real Estate Investing in Lewisburg, West Virginia (24938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24938 (Lewisburg, 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: 19.7% 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 Lewisburg, WV (24938)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24938 Lewisburg
ZIP 24938 inside Greenbrier County looks affordable on the surface — median value of $239K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24938 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Lewisburg have seen price recovery that 24938 has not matched. Greenbrier County data supports the view that the spread is structural rather than temporary.
Who lives in 24938 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 24938 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lewisburg:
Property Strategy for 24938
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,518 | $920 | 3.7% | +8.3% | $90,259 |
| 3BR | $223,066 | $1,170 | 3.8% | +8.1% | $74,355 |
Market Trends
Home Value History (with trend line)
📊 How Does 24938 Compare?
| Metric | 24938 | Lewisburg | West Virginia |
|---|---|---|---|
| Home Value | $239,318 | $286,757 | $169,372 |
| 5-Year CAGR | 6.4% | 6.2% | 6.1% |
| Avg Rent | $828 | $945 | - |
| Cap Rate | 2.7% | 2.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24938 (Lewisburg, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,318 |
| Monthly Rent | $828 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.7%). 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 24938
Population: 1,470
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 24938
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What strategy should investors use in Lewisburg, WV?
Investors usually favor careful cash-flow rentals with hands-on management in Lewisburg, WV. With home values at $239K and rents near $828/mo, other strategies can work but produce steady rather than outsized returns.
Does house hacking make sense in Lewisburg, WV?
House hacking in Lewisburg, WV is reasonable to execute. Prices around $239K and rents of $828/mo solid owner-occupant economics.
How much should I expect to pay for a home in Lewisburg, WV?
Expect median prices around $239K in Lewisburg, WV. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Is Lewisburg in WV worth investing in?
Our data puts Lewisburg, WV at 3.0/5 for investability. Home prices of $239K and rents around $828/mo create a solid backdrop for investor activity.
Is the tenant base reliable in Lewisburg, WV?
The renter base in Lewisburg, WV is reasonable for the $828/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 24938 now. You don’t know where it ranks.
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