Real Estate Investing in Williamsburg, West Virginia (24966)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24966 (Williamsburg, 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: 32.6% 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 Williamsburg, WV (24966)?
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Market Analysis: 24966 Williamsburg
Not every below-median market is a bargain. Williamsburg's 24966 ZIP reports signals that favor experienced operators who can absorb the risk $209K pricing implies.
Rent of $828/mo on a $209K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24966 sits below the stated 0.0% once reality is priced in.
Stepping back, 24966 offers a low basis, the region around Williamsburg has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 24966 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 24966 is an operator game, not a passive one. From an investor standpoint, entry prices of $209K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Williamsburg:
Property Strategy for 24966
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,054 | $920 | 4.2% | +10.0% | $79,527 |
| 3BR | $223,248 | $1,170 | 3.8% | +8.1% | $74,416 |
Market Trends
Home Value History (with trend line)
📊 How Does 24966 Compare?
| Metric | 24966 | Williamsburg | West Virginia |
|---|---|---|---|
| Home Value | $209,121 | $209,121 | $169,372 |
| 5-Year CAGR | 4.8% | 4.8% | 6.1% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24966 (Williamsburg, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,121 |
| Monthly Rent | $828 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (3.1%). 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 24966
Population: 1,127
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
What is the tenant pool like in Williamsburg, WV?
The tenant pool in Williamsburg, WV is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
How quickly do rentals get leased in Williamsburg, WV?
Vacancy risk in Williamsburg, WV is elevated. That supports consistent cash flow for typical rental holds.
What is the average home sale price in Williamsburg, WV?
Expect median prices around $209K in Williamsburg, WV. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How landlord-friendly is Williamsburg, WV?
Landlord-friendliness in Williamsburg, WV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does house hacking make sense in Williamsburg, WV?
House hacking in Williamsburg, WV is reasonable to execute. Prices around $209K and rents of $828/mo solid owner-occupant economics.
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