Real Estate Investing in Philippi, West Virginia (26405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26405 (Philippi, 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: 26.0% of homes vacant — above national norms.
- Elevated poverty: 26.2% poverty rate — can affect rent collection.
• 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 Philippi, WV (26405)?
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Market Analysis: 26405 Philippi
Not every below-median market is a bargain. Philippi's 26405 ZIP registers signals that favor experienced operators who can absorb the risk $141K pricing implies.
For an experienced owner, 26405 can be a worth a close look for hunting ground — but the discount at $141K reflects genuine risk that outside investors often underestimate.
Meanwhile, 26405 offers a low basis, the region around Philippi has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 26405 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.
The 26405 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 Philippi:
Property Strategy for 26405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $112,378 | $960 | 6.2% | +2.7% | $56,189 |
| 3BR | $172,567 | $1,160 | 4.8% | +4.3% | $57,522 |
Market Trends
Home Value History (with trend line)
📊 How Does 26405 Compare?
| Metric | 26405 | Philippi | Morgantown, WV | West Virginia |
|---|---|---|---|---|
| Home Value | $141,225 | $136,911 | N/A | $169,372 |
| 5-Year CAGR | 2.7% | 2.1% | N/A | 6.1% |
| Avg Rent | $864 | $824 | N/A | - |
| Cap Rate | 4.8% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 26405 (Philippi, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,225 |
| Monthly Rent | $864 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 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 (4.8%). 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 26405
Population: 956
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 26405
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
How tight is the rental market in Philippi, WV?
Philippi, WV vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What do landlords charge for rent in Philippi, WV?
Average rent in Philippi, WV is approximately $864/mo per month. Against $141K home values that yields a reasonable rent-to-price ratio.
What is the average home sale price in Philippi, WV?
Median home price in Philippi, WV is near $141K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How qualified is the tenant pool in Philippi, WV?
Philippi, WV offers a steady renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Philippi in WV worth investing in?
With a 3.0/5 investability score, Philippi, WV ranks as a solid market for rental property investors. Median prices of $141K and rents of $864/mo drive the underlying numbers.
You know 26405 now. You don’t know where it ranks.
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How 26405 ranks in Morgantown, WV
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