Real Estate Investing in Waverly, West Virginia (26184)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26184 (Waverly, 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: 15.7% 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 Waverly, WV (26184)?
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Market Analysis: 26184 Waverly
ZIP 26184 in Waverly, WV carries a significant set of headwinds. Home values near $188K and rents of $819/mo sit inside a market where underwriting has to be tight.
The investment case in 26184 is durable only for operators who understand what they are buying. A $188K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within WV, ZIP 26184 trails on several market indicators that neighboring Wood County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Looking more closely, 2,328 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, 26184 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 Waverly:
Property Strategy for 26184
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,216 | $910 | 4.5% | +6.2% | $73,608 |
| 3BR | $205,517 | $1,190 | 4.2% | +6.4% | $68,506 |
Market Trends
Home Value History (with trend line)
📊 How Does 26184 Compare?
| Metric | 26184 | Waverly | Parkersburg-Vienna, WV | West Virginia |
|---|---|---|---|---|
| Home Value | $188,449 | $188,449 | N/A | $169,372 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.1% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 26184 (Waverly, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,449 |
| Monthly Rent | $819 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.4%). 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 26184
Population: 2,328
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,844 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Waverly, WV?
Waverly, WV investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($188K prices, $819/mo rents) make it a reasonable choice.
Is real estate in Waverly, WV a good investment right now?
Waverly, WV scores 3.0/5 for investability. Home values sit at $188K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Where do home prices stand in Waverly, WV?
Waverly, WV median home values land near $188K. That is reasonable territory for investors looking at $819/mo-per-month rentals.
Is WV a landlord-friendly state?
Landlord-friendliness in Waverly, WV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Do landlords face vacancy issues in Waverly, WV?
Expect elevated vacancy in Waverly, WV. Rents at $819/mo are absorbed by the tenant base without meaningful lag.
You know 26184 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 26184 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.
How 26184 ranks in Parkersburg-Vienna, WV
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