Real Estate Investing in Harrisville, West Virginia (26362)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26362 (Harrisville, 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: 15.7% of homes vacant — above national norms.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrisville, WV (26362)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 26362 Harrisville
This part of Ritchie is not an easy win. The 26362 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 26362 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within WV, ZIP 26362 trails on several market indicators that neighboring Ritchie submarkets outperform. The gap is real and impressive enough to shape underwriting.
Looking more closely, 2,904 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 26362 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Harrisville:
Property Strategy for 26362
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $100,278 | $870 | 6.2% | +5.3% | $50,139 |
| 3BR | $157,006 | $1,040 | 4.8% | +5.5% | $52,335 |
| 4BR | $209,630 | $1,150 | 3.9% | +6.4% | $52,408 |
Market Trends
Home Value History (with trend line)
📊 How Does 26362 Compare?
| Metric | 26362 | Harrisville | West Virginia |
|---|---|---|---|
| Home Value | $134,300 | $134,300 | $169,372 |
| 5-Year CAGR | 2.8% | 2.8% | 6.1% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 26362 (Harrisville, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $134,300 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 26362
Population: 2,904
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 26362
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
Is Harrisville, WV good for house hacking?
House hacking works a challenging in Harrisville, WV. Rents of $783/mo against $134K acquisition make the strategy solid for owner-occupants.
Should investors consider Harrisville, WV?
Our data puts Harrisville, WV at 3.0/5 for investability. Home prices of $134K and rents around $783/mo create a solid backdrop for investor activity.
Is Harrisville, WV landlord-friendly?
Rental owners in Harrisville, WV deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong are rents in Harrisville, WV?
Harrisville, WV rentals go for roughly $783/mo a month. That puts gross yield in solid territory relative to $134K acquisition costs.
What price range are homes in Harrisville, WV?
Typical homes in Harrisville, WV go for around $134K. The 5-year CAGR of 0.0% consistent price movement.
You know 26362 now. You don’t know where it ranks.
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