Real Estate Investing in Philippi, West Virginia (26416)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26416 (Philippi, WV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Philippi, WV (26416)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 26416 Philippi
ZIP 26416 in Philippi, WV carries a robust set of headwinds. Home values near $133K and rents of $783/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 26416 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader WV picture, 26416 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 26416 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 26416, 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 Philippi:
Property Strategy for 26416
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $95,627 | $870 | 6.6% | +2.0% | $47,814 |
| 3BR | $153,400 | $1,150 | 5.4% | +4.2% | $51,133 |
| 4BR | $171,487 | $1,370 | 5.8% | +4.5% | $42,872 |
Market Trends
Home Value History (with trend line)
📊 How Does 26416 Compare?
| Metric | 26416 | Philippi | West Virginia |
|---|---|---|---|
| Home Value | $132,596 | $136,911 | $169,372 |
| 5-Year CAGR | 1.4% | 2.1% | 6.1% |
| Avg Rent | $783 | $824 | - |
| Cap Rate | 4.6% | 4.7% | - |
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 26416 (Philippi, WV). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 26416 (Philippi, WV)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $132,596 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 (4.6%). 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 26416
Population: 7,157
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 26416
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
Does house hacking work in Philippi, WV?
House hacking in Philippi, WV is a challenging. With home values around $133K and rents at $783/mo, owner-occupants can offset a meaningful share of PITI.
How strong is Philippi, WV for real estate investors?
Philippi, WV shows an investability rating of 3.0/5, with median home values near $133K and average rents around $783/mo. That combination puts it in the sturdy tier for investor interest.
What is it like being a landlord in Philippi, WV?
Rental owners in Philippi, WV deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much do tenants pay in Philippi, WV?
Rental rates in Philippi, WV average $783/mo. Tenant demand and $133K home values make the yield look reasonable by investor standards.
What is the median home value in Philippi, WV?
Median home price in Philippi, WV is near $133K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
You know 26416 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 26416 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.
AI Market Advisor
Ask questions about investing in 26416 (Philippi)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 26416 (Philippi, WV).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.