The story of this market
The typical home in ZIP 24873 sells for about $125,000, or $85 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 24873 — Paynesville
The housing market in 24873 remains stable with low transaction volume and high affordability compared to national averages. Market conditions are driven by a limited supply of homes and a stagnant local economy, resulting in long days on market. Buyers are primarily local residents or those seeking low-cost rural property.
This area is best suited for those seeking affordable rural living, outdoor enthusiasts, and retirees looking for a low cost of living.
Median prices moved up 2.5% year over year.
Homes spend a median of 92 days on market with 6.2 months of supply — a slower-moving 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 14.2% — a stable, low-distress 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 5.8%/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 4.7%/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 24873, McDowell County WV
The area is subject to regional flood risks associated with mountainous terrain and river valleys common in West Virginia.
Economic momentum is limited, with the area primarily reliant on legacy industries and small-scale local services.
Property taxes are assessed at the county level based on a percentage of fair market value, with specific levies for school districts and local services.
Commutes are primarily car-dependent, often involving travel on winding rural roads to reach regional employment hubs.
Access to outdoor recreation is high, featuring proximity to national forests, hiking trails, and river fishing opportunities.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes.
The local economy is historically tied to coal mining and timber, with ongoing efforts to diversify into tourism and outdoor recreation.
Transportation infrastructure is limited to state and county highways; there is no public transit system.
Development is primarily focused on small-scale infrastructure improvements and trail expansion.
The McDowell County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to county-wide school district levies and local fire service fees.
Property insurance premiums are influenced by rural fire response times and regional flood risk profiles.
Data retrieved from US Census Bureau ACS tables for ZCTA 24873.
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.
Extensive ATV and off-road trail network serving the region.
Public land offering fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.