Real Estate Investing in Hillsboro, West Virginia (24946)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24946 (Hillsboro, 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: 55.9% 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 Hillsboro, WV (24946)?
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Market Analysis: 24946 Hillsboro
Turning to rents, ZIP 24946 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $161K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $161K purchase price, 0.0% nominal cap — the work to hit that pro forma in 24946 is substantial and deserves full respect.
The gap between 24946 and stronger Hillsboro ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 1,019 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.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hillsboro:
Property Strategy for 24946
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $144,749 | $870 | 4.3% | +9.9% | $72,374 |
| 3BR | $200,036 | $1,130 | 4.1% | +9.5% | $66,679 |
Market Trends
Home Value History (with trend line)
📊 How Does 24946 Compare?
| Metric | 24946 | Hillsboro | West Virginia |
|---|---|---|---|
| Home Value | $160,793 | $160,793 | $169,372 |
| 5-Year CAGR | 4.2% | 4.2% | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 24946 (Hillsboro, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,793 |
| Monthly Rent | $783 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.8%). 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 24946
Population: 1,019
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 24946
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 are rental rates like in Hillsboro, WV?
Rental rates in Hillsboro, WV average $783/mo. Tenant demand and $161K home values make the yield look reasonable by investor standards.
Where do home prices stand in Hillsboro, WV?
Hillsboro, WV home values average about $161K. That price point suits investors targeting rentals with $783/mo in monthly income.
How does Hillsboro, WV rate as a rental market?
Hillsboro, WV scores 3.0/5 for investability. Home values sit at $161K and rents near $783/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do landlords face vacancy issues in Hillsboro, WV?
Rental vacancy in Hillsboro, WV is elevated. Investors should budget normal turnover but not chronic empty units.
Is Hillsboro, WV suited for a house hack?
The a challenging house-hack environment in Hillsboro, WV reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 24946 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24946 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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