Real Estate Investing in Montrose, West Virginia (26283)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26283 (Montrose, WV)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.4% 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 Montrose, WV (26283)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 26283 Montrose
The 26283 ZIP covers a section of Montrose that demands careful diligence. Prices near $143K look accessible, but the work to make a deal cash flow is real.
The 26283 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Montrose have seen price recovery that 26283 has not matched. Randolph County data supports the view that the spread is structural rather than temporary.
The 26283 ZIP's population of 1,377 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategically, 26283 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 Montrose:
Property Strategy for 26283
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $104,575 | $890 | 6.1% | +3.4% | $52,287 |
| 3BR | $193,339 | $1,190 | 4.4% | +6.3% | $64,446 |
Market Trends
Home Value History (with trend line)
📊 How Does 26283 Compare?
| Metric | 26283 | Montrose | Elkins, WV | West Virginia |
|---|---|---|---|---|
| Home Value | $143,417 | $143,417 | N/A | $169,372 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 6.1% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 26283 (Montrose, WV). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 26283 (Montrose, WV)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $143,417 |
| Monthly Rent | $801 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (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 26283
Population: 1,377
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
Frequently Asked Questions
Should investors consider Montrose, WV?
Investors tracking Montrose, WV will find a 3.0/5 rating supported by $143K median home values and $801/mo rents. That profile suits long-term holders targeting reliable returns.
Where do rents currently stand in Montrose, WV?
Rents in Montrose, WV run near $801/mo. Compared with median home prices of $143K that produces solid gross yields for typical rentals.
How strong is tenant demand in Montrose, WV?
The renter base in Montrose, WV is reasonable for the $801/mo price point. Screening well and pricing to market typically yields measured tenants.
What is the rental occupancy rate in Montrose, WV?
Vacancy risk in Montrose, WV is elevated. That supports reliable cash flow for typical rental holds.
What real estate strategy is ideal for Montrose, WV?
Investors usually favor careful cash-flow rentals with hands-on management in Montrose, WV. With home values at $143K and rents near $801/mo, other strategies can work but produce predictable rather than outsized returns.
You know 26283 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 26283 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 26283 ranks in Elkins, WV
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 26283 (Montrose)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 26283 (Montrose, WV).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.