The story of this market
The typical home in ZIP 24827 sells for about $145,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 24827 — Cyclone
The housing market in 24827 remains stable with low inventory and modest price appreciation driven by local demand. The market is characterized by long days on market and limited new construction, reflecting the rural nature of the area. Prices remain highly affordable compared to national averages, though economic growth remains stagnant.
This ZIP is best suited for those seeking affordable, rural living, outdoor enthusiasts, or retirees looking for a quiet environment, rather than commuters or investors seeking high-growth assets.
Median prices moved up 2.1% year over year.
Homes spend a median of 72 days on market with 5.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 31.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 24827, McDowell County, WV
Crime rates in this rural area are generally lower than the national average, with property-related incidents being the most common reports.
Schools serving this area are part of the McDowell County Public Schools system, which faces challenges typical of rural, low-density districts.
The area is subject to mountainous terrain risks, including localized flash flooding in valleys and potential for severe wind events during storm seasons.
Economic momentum is limited, with the area primarily supported by legacy industries and small-scale local services rather than large-scale corporate development.
Property taxes are assessed at the county level based on real estate value, with no municipal income tax; special districts are minimal due to the rural nature of the geography.
Commutes are primarily car-dependent, involving travel on winding mountain roads to reach regional employment hubs in larger neighboring towns.
The area offers significant access to outdoor recreation, including proximity to national forest lands, hiking trails, and fishing spots, though commercial shopping is limited.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes rather than multi-family complexes.
The local economy is heavily reliant on natural resources, small-scale retail, and public sector employment, with limited industrial diversification.
Transportation is entirely reliant on private vehicles; there is no public transit infrastructure serving this rural mountain community.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The McDowell County Assessor manages property valuations, which are updated periodically based on market trends and physical inspections.
Parcels are subject to county-wide school and general government tax levies; there are no significant MUD or PID districts.
Property insurance premiums are influenced by the area's rural fire protection status and susceptibility to weather-related damage.
The state experiences modest net domestic migration, though rural areas like this often see stable or slightly declining populations.
West Virginia is a non-judicial foreclosure state, allowing for a relatively streamlined process for lenders.
Sellers are required to provide a residential property disclosure statement covering known material defects.
Data retrieved from data.census.gov for ZCTA 24827.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides extensive hiking, hunting, and scenic outdoor access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.