Real Estate Investing in Ellenboro, West Virginia (26346)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26346 (Ellenboro, WV)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.2% 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 Ellenboro, WV (26346)?
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Market Analysis: 26346 Ellenboro
ZIP 26346 in Ellenboro, WV carries a substantial set of headwinds. Home values near $112K and rents of $810/mo sit inside a market where underwriting has to be tight.
In practical terms, the numbers look inviting — $112K purchase price, 0.0% nominal cap — the work to hit that pro forma in 26346 is substantial and deserves full respect.
In the broader WV picture, 26346 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 26346 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. robust returns are possible in 26346, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Ellenboro:
Market Trends
Home Value History (with trend line)
📊 How Does 26346 Compare?
| Metric | 26346 | Ellenboro | West Virginia |
|---|---|---|---|
| Home Value | $112,430 | $112,430 | $169,372 |
| 5-Year CAGR | 4.4% | 4.4% | 6.1% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 5.6% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 26346 (Ellenboro, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $112,430 |
| Monthly Rent | $810 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.6% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +13.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 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 (5.6%). 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 26346
Population: 637
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
🎓 Schools in 26346
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the tenant pool like in Ellenboro, WV?
Expect a solid tenant pool in Ellenboro, WV. The rental market absorbs $810/mo rents without meaningful friction.
Is real estate in Ellenboro, WV a good investment right now?
Ellenboro, WV scores 3.0/5 for investability. Home values sit at $112K and rents near $810/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What price range are homes in Ellenboro, WV?
Median home price in Ellenboro, WV is near $112K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is rental property easy to operate in Ellenboro, WV?
Landlord-friendliness in Ellenboro, WV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Ellenboro, WV a good market for FHA house hackers?
Ellenboro, WV is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $112K price point reasonable to enter.
You know 26346 now. You don’t know where it ranks.
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