The story of this market
The typical home in ZIP 24881 sells for about $62,000, or $55 per square foot.
Homes take about 113 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 24881 — Roderfield
The housing market in this ZIP code is characterized by very low price points and limited inventory, reflecting a stagnant regional economy. Market activity is minimal, with few closed sales and a reliance on local demand rather than external investment. The overall sentiment remains cautious due to long-term economic contraction in the coal-dependent region.
This area is primarily suited for local residents or those seeking extremely low-cost housing, as the remote location and limited economic opportunities present challenges for commuters and investors.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 113 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 95% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.2% · poverty 74.4% — 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 3.6%/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 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
McDowell County, WV
The local economy is historically tied to coal mining, with ongoing efforts to diversify and stabilize the regional economic base.
Property taxes are assessed at the county level in West Virginia based on 60% of fair market value; specific district rates vary by local levies.
Residents typically face long commute times, averaging 36 minutes, due to the mountainous terrain and limited transit infrastructure.
The area is known for rugged outdoor recreation, including access to ATV trails and mountainous terrain, though formal municipal park amenities are limited.
The rental market is characterized by very low inventory and limited turnover, with few professional management companies operating in the area.
The economy is heavily influenced by the legacy of the coal industry, with current efforts focused on tourism and small-scale economic development.
Transportation is primarily reliant on private vehicles, with limited public transit options available in the mountainous terrain.
The McDowell County Assessor manages property valuations, typically reassessing based on market trends and state-mandated cycles.
Parcels are subject to county-wide school district levies and local municipal taxes where applicable.
Property insurance availability is influenced by the region's rural nature and specific hazard risks associated with mountainous terrain.
Data retrieved from Census Reporter for McDowell County, WV.
Extensive off-road vehicle trail system that serves as a major regional tourism anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.