Real Estate Investing in Richwood, West Virginia (26202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26202 (Richwood, WV)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Lower household income: $38,403 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Richwood, WV (26202)?
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Market Analysis: 26202 Richwood
From an investor standpoint, ZIP 26202 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $138K median. It rewards specialists, not generalists.
Rent of $783/mo on a $138K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 26202 sits below the stated 0.0% once reality is priced in.
On balance, 26202 offers a low basis, the region around Richwood has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 26202 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 26202 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 Richwood:
Market Trends
Home Value History (with trend line)
📊 How Does 26202 Compare?
| Metric | 26202 | Richwood | West Virginia |
|---|---|---|---|
| Home Value | $137,887 | $105,711 | $169,372 |
| 5-Year CAGR | 6.3% | 4.1% | 6.1% |
| Avg Rent | $783 | $795 | - |
| Cap Rate | 4.4% | 6.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 26202 (Richwood, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,887 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (4.4%). 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 26202
Population: 299
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 are rental rates like in Richwood, WV?
Rent in Richwood, WV is around $783/mo. The resulting rent-to-value relationship with $138K pricing is reasonable for most investor models.
What kind of tenants rent in Richwood, WV?
Expect a solid tenant pool in Richwood, WV. The rental market absorbs $783/mo rents without meaningful friction.
What are vacancy rates like in Richwood, WV?
Expect elevated vacancy in Richwood, WV. Rents at $783/mo are absorbed by the tenant base without meaningful lag.
How do experienced investors play Richwood, WV?
Most investors in Richwood, WV run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How do home values compare in Richwood, WV?
Richwood, WV home values average about $138K. That price point suits investors targeting rentals with $783/mo in monthly income.
You know 26202 now. You don’t know where it ranks.
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