The story of this market
The typical home in ZIP 24852 sells for about $45,000, or $35 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 180 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $650 a month.
ZIP 24852
The housing market in ZIP 24852 is characterized by extreme stagnation and low transaction volume, reflecting the long-term economic decline of the region. With a shrinking population and limited demand, home values remain low and stable, offering little incentive for new development or investment.
This area is primarily suited for individuals seeking low-cost, rural living or those with existing local ties, as the lack of diverse employment and amenities limits appeal to broader buyer segments.
Median prices moved down 2.5% year over year.
Homes spend a median of 180 days on market with 12.0 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 12.5% · poverty 38.0% — elevated distress and economic pressure.
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 -0.7%/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 -0.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 24852, McDowell County, WV
The area is located in a mountainous region of West Virginia with inherent risks related to steep terrain and potential for localized flooding near the Elkhorn Creek.
The local economy has faced significant contraction following the decline of the regional coal industry, with limited new infrastructure or commercial development reported.
Property taxes are assessed at the county level in McDowell County based on a 60% assessment ratio of fair market value, with rates determined by local levies.
Commuting is primarily via local state routes; access to major employment hubs is limited by the mountainous geography and distance to larger cities.
Recreation is centered on outdoor activities in the surrounding Appalachian mountains, though formal municipal park facilities are minimal.
The rental market is characterized by low demand and high vacancy pressure due to the declining population base.
The economy is historically tied to the coal industry, which has seen a long-term decline, leading to a lack of major corporate employers in the immediate vicinity.
Transportation is limited to road-based travel via state highways; there is no significant public transit infrastructure.
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 generally stagnant due to the lack of market activity.
Parcels are subject to standard McDowell County school and municipal tax levies.
Property insurance availability is constrained by the rural location and high risk of environmental hazards common to the Appalachian region.
Data retrieved from US Census Bureau ZCTA 24852 profile.
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.
A prominent local waterway that defines the valley geography.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.