Real Estate Investing in Harman, West Virginia (26263)
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Should you buy in 26263 (Harman, 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: 66.9% of homes vacant — above national norms.
• 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 Harman, WV (26263)?
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Market Analysis: 26263 Harman
Not every below-median market is a bargain. Harman's 26263 ZIP shows signals that favor experienced operators who can absorb the risk $198K pricing implies.
The investment case in 26263 is durable only for operators who understand what they are buying. A $198K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader WV picture, 26263 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 26263 includes headwinds that any investor should price in. Income distribution skews lower than Harman averages, and tenant stability requires active management.
The 26263 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Harman:
Market Trends
Home Value History (with trend line)
📊 How Does 26263 Compare?
| Metric | 26263 | Harman | Elkins, WV | West Virginia |
|---|---|---|---|---|
| Home Value | $197,504 | $197,504 | N/A | $169,372 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.1% |
| Avg Rent | $783 | $783 | N/A | - |
| 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 26263 (Harman, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,504 |
| Monthly Rent | $783 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (3.1%). 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 26263
Population: 232
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
How strong is the working-renter base in Harman, WV?
Tenant demand in Harman, WV is solid. The local workforce $783/mo rents across most rental classes.
How does Harman, WV stack up for property investment?
Yes - Harman, WV a 3.0/5 investability score. With $198K home prices against $783/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the median home value in Harman, WV?
Typical homes in Harman, WV go for around $198K. The 5-year CAGR of 0.0% even-keeled price movement.
How do landlord-tenant laws work in Harman, WV?
WV law landlord-friendly for landlords, and Harman inherits those rules. Investors should still review local ordinances for rental licensing.
How high is vacancy risk in Harman, WV?
Vacancy risk in Harman, WV is elevated. That supports measured cash flow for typical rental holds.
You know 26263 now. You don’t know where it ranks.
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How 26263 ranks in Elkins, WV
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