Real Estate Investing in Monterville, West Virginia (26294)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26294 (Monterville, 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: 35.5% 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 Monterville, WV (26294)?
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Market Analysis: 26294 Monterville
Not every below-median market is a bargain. Monterville's 26294 ZIP records signals that favor experienced operators who can absorb the risk $115K pricing implies.
For an experienced owner, 26294 can be a worth a close look for hunting ground — but the discount at $115K reflects genuine risk that outside investors often underestimate.
Regionally, 26294 sits on the difficult end of the WV spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 26294 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 26294 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 Monterville:
Market Trends
Home Value History (with trend line)
📊 How Does 26294 Compare?
| Metric | 26294 | Monterville | Elkins, WV | West Virginia |
|---|---|---|---|---|
| Home Value | $114,676 | $126,278 | N/A | $169,372 |
| 5-Year CAGR | 1.5% | 1.5% | N/A | 6.1% |
| Avg Rent | $837 | $819 | N/A | - |
| Cap Rate | 5.7% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 26294 (Monterville, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $114,676 |
| Monthly Rent | $837 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (5.7%). 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 26294
Population: 335
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
Where do rents currently stand in Monterville, WV?
Monterville, WV rentals go for roughly $837/mo a month. That puts gross yield in solid territory relative to $115K acquisition costs.
Are homes affordable in Monterville, WV?
Homes in Monterville, WV typically sell near $115K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Monterville in WV worth investing in?
The 3.0/5 investability rating in Monterville, WV reflects its $115K prices and $837/mo rents. Investors generally consider it a solid option within WV.
What are vacancy rates like in Monterville, WV?
Expect elevated vacancy in Monterville, WV. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
Which real estate strategy fits Monterville, WV?
Most investors in Monterville, 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.
You know 26294 now. You don’t know where it ranks.
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How 26294 ranks in Elkins, WV
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