The story of this market
The typical home in ZIP 24870 sells for about $58,600, or $48 per square foot.
Prices are down 5% from a year ago, which gives buyers more room to negotiate. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $842 a month.
ZIP 24870 — Oceana
The housing market in 24870 is characterized by low price points and limited inventory, reflecting the broader economic trends of rural West Virginia. Market activity is slow, with values remaining relatively flat over the last decade, driven by a lack of new development and a shrinking local population base.
This ZIP is best suited for local residents, retirees, or those seeking low-cost housing in a rural setting, as the limited job market and remote location may not appeal to commuters or investors.
Median prices moved down 5.0% year over year.
Homes spend a median of 56 days on market with 4.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.7% · poverty 28.6% — 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 -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 1.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 24870, Wyoming County WV
Local schools are primarily served by the Wyoming County School District, which faces challenges typical of rural Appalachian districts.
The area is subject to regional flood risks common in West Virginia's mountainous terrain; insurance availability is stable but premiums are sensitive to flood-zone designations.
Economic momentum is limited, with the area historically tied to the coal industry and currently seeking diversification in small-scale retail and local services.
Property taxes are assessed by Wyoming County based on a statewide assessment ratio; special districts include local school and emergency service levies.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs in Beckley or other parts of Wyoming County.
The area offers access to outdoor recreation including nearby state forests and trails, with limited local shopping and dining options in the town of Oceana.
The rental market is characterized by low inventory and modest demand, with rents remaining relatively stable due to the limited local economic base.
The local economy is historically dependent on coal mining and related support services, with a transition toward public sector and retail employment.
Transportation is almost exclusively via private vehicle, with limited public transit infrastructure available in the county.
No major large-scale commercial or residential developments are currently reported for this ZIP code.
Wyoming County utilizes a standard county-wide assessment process for property tax valuation.
Parcels are subject to Wyoming County school district taxes and local municipal utility assessments.
Property insurance remains available, though premiums are influenced by the area's rural nature and potential for weather-related damage.
Data retrieved from CensusDepth and U.S. Census Bureau ACS 2023 tables.
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 major regional attraction offering golf, hiking, and lodging nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.