The story of this market
The typical home in ZIP 24831 sells for about $45,000, or $35 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 180 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $650 a month.
ZIP 24831 — Elkhorn
The housing market in 24831 is characterized by very low transaction volume and low price points, reflecting the economic challenges of the McDowell County region. Inventory is stagnant with long days on market, and the area faces significant demographic headwinds including a shrinking population and high poverty rates.
Median prices moved up 2.5% year over year.
Homes spend a median of 180 days on market with 14.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 92% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 24.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 24831, McDowell County, West Virginia
Data retrieved from data.census.gov for ZCTA 24831.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.