Real Estate Investing in Summersville, West Virginia (26662)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 26662 (Summersville, WV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 42.6% 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 Summersville, WV (26662)?
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Market Analysis: 26662 Summersville
ZIP 26662 inside Nicholas County looks affordable on the surface — median value of $222K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 26662 is substantial only for operators who understand what they are buying. A $222K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 26662 among WV's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 26662 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 26662 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Summersville:
Market Trends
Home Value History (with trend line)
📊 How Does 26662 Compare?
| Metric | 26662 | Summersville | West Virginia |
|---|---|---|---|
| Home Value | $221,922 | $182,185 | $169,372 |
| 5-Year CAGR | 7.6% | 7.1% | 6.1% |
| Avg Rent | $846 | $825 | - |
| Cap Rate | 3.0% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 26662 (Summersville, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,922 |
| Monthly Rent | $846 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 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 (3.0%). 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 26662
Population: 645
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
Frequently Asked Questions
What is the typical home price in Summersville, WV?
Homes in Summersville, WV typically sell near $222K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How qualified is the tenant pool in Summersville, WV?
The tenant pool in Summersville, WV is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
Is Summersville, WV a friendly market for rental owners?
For rental operators, Summersville, WV rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What monthly rent should investors expect in Summersville, WV?
Rental rates in Summersville, WV average $846/mo. Tenant demand and $222K home values make the yield look reasonable by investor standards.
How high is vacancy risk in Summersville, WV?
Summersville, WV carries elevated vacancy risk. Expect stable absorption at market rents of $846/mo.
You know 26662 now. You don’t know where it ranks.
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