Real Estate Investing in Gassaway, West Virginia (26624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26624 (Gassaway, 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: 25.7% of homes vacant — above national norms.
- 1-year downturn: Values declined 5.0% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gassaway, WV (26624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 26624 Gassaway
The 26624 ZIP in Gassaway, WV is a local-operator market. Outside capital chasing a $128K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $128K purchase price, 0.0% nominal cap — the work to hit that pro forma in 26624 is substantial and deserves full respect.
Nearby ZIPs in Gassaway have seen price recovery that 26624 has not matched. Braxton County data supports the view that the spread is structural rather than temporary.
Resident income in 26624 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 26624 is an operator game, not a passive one. On the rental side, entry prices of $128K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Gassaway:
Property Strategy for 26624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,454 | $880 | 5.4% | +9.3% | $58,227 |
| 3BR | $142,966 | $1,160 | 5.8% | +6.8% | $47,655 |
| 4BR | $169,641 | $1,330 | 5.6% | +7.7% | $42,410 |
Market Trends
Home Value History (with trend line)
📊 How Does 26624 Compare?
| Metric | 26624 | Gassaway | West Virginia |
|---|---|---|---|
| Home Value | $127,870 | $127,870 | $169,372 |
| 5-Year CAGR | 3.1% | 3.1% | 6.1% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 4.8% | 4.8% | - |
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 26624 (Gassaway, WV). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 26624 (Gassaway, WV)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $127,870 |
| Monthly Rent | $792 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | -5.0% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 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 26624
Population: 2,169
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 26624
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of market is Gassaway, WV for investors?
The 3.0/5 investability rating in Gassaway, WV reflects its $128K prices and $792/mo rents. Investors generally consider it a solid option within WV.
What is the smart move for investors in Gassaway, WV?
The best-fit strategy in Gassaway, WV is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much rent can I charge in Gassaway, WV?
The typical rental in Gassaway, WV commands about $792/mo monthly. That rent profile consistent cash flow against the $128K purchase basis.
How much does a house cost in Gassaway, WV?
Gassaway, WV median home values land near $128K. That is reasonable territory for investors looking at $792/mo-per-month rentals.
How high is vacancy risk in Gassaway, WV?
Gassaway, WV vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 26624 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 26624 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 26624 (Gassaway)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 26624 (Gassaway, WV).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.