Real Estate Investing in Alderson, West Virginia (24910)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24910 (Alderson, WV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.0% of homes vacant — above national norms.
- Lower household income: $37,348 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alderson, WV (24910)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24910 Alderson
From a cash-flow lens, ZIP 24910 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $183K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24910 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 24910 among WV's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 24910 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 24910 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 Alderson:
Property Strategy for 24910
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,372 | $870 | 4.5% | +10.2% | $69,686 |
| 3BR | $196,136 | $1,140 | 4.2% | +10.0% | $65,379 |
| 4BR | $213,714 | $1,200 | 4.0% | +11.1% | $53,428 |
Market Trends
Home Value History (with trend line)
📊 How Does 24910 Compare?
| Metric | 24910 | Alderson | West Virginia |
|---|---|---|---|
| Home Value | $182,939 | $182,939 | $169,372 |
| 5-Year CAGR | 6.6% | 6.6% | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 24910 (Alderson, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,939 |
| Monthly Rent | $783 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.3%). 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 24910
Population: 4,556
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 24910
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
How much rent can I charge in Alderson, WV?
Alderson, WV rentals go for roughly $783/mo a month. That puts gross yield in solid territory relative to $183K acquisition costs.
Are tenants stable in Alderson, WV?
Alderson, WV draws a measured base of working renters. Demand at the $783/mo rent level is reasonable for standard single-family and small multi rentals.
How much should I expect to pay for a home in Alderson, WV?
Typical homes in Alderson, WV go for around $183K. The 5-year CAGR of 0.0% steady price movement.
How do landlord-tenant laws work in Alderson, WV?
WV law landlord-friendly for landlords, and Alderson inherits those rules. Investors should still review local ordinances for rental licensing.
Does a duplex house hack pencil in Alderson, WV?
For house hackers, Alderson, WV is a challenging. The $783/mo rent on a unit helps defray the mortgage on a $183K property.
You know 24910 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24910 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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