The story of this market
The typical home in ZIP 24801 sells for about $109,250, or $62 per square foot.
Prices are down 23.8% from a year ago, which gives buyers more room to negotiate. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $812 a month.
ZIP 24801 — Welch
The Welch housing market is characterized by very low inventory and significant year-over-year price declines. Market activity is limited, with few closed sales and a reliance on low-cost, older housing stock.
This area is primarily suited for budget-conscious buyers or investors looking for low-cost entry points in a rural, historic coal-mining region.
Median prices moved down 23.8% year over year.
Homes spend a median of 87 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 30.2% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 24801, McDowell County, WV
The area contains parcels identified as being in high-risk flood hazard zones, particularly those located along local creeks.
Property taxes are assessed by the McDowell County Assessor; tax rates are determined by the local Welch Corp district and state-level classifications.
The local economy is historically tied to the coal industry, with ongoing efforts to diversify in the McDowell County region.
The McDowell County Assessor manages property valuations, with data accessible via the state's MapWV portal.
Parcels are subject to the Welch Corp district tax levies.
Data retrieved from Census Bureau and Zillow ZHVI series.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.