The story of this market
The typical home in ZIP 24891 sells for about $109,250, or $62 per square foot.
Prices are down 23.8% from a year ago, which gives buyers more room to negotiate. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $944 a month.
ZIP 24891
The housing market in the 24801 ZIP code is characterized by very low inventory and significant year-over-year price declines. Economic activity remains constrained by the long-term decline of the regional coal industry, leading to a shrinking population base.
This area is primarily suited for local residents and those seeking low-cost housing in a rural, post-industrial setting.
Median prices moved down 23.8% year over year.
Homes spend a median of 87 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 24801, Welch WV
The local economy is historically tied to coal mining, with ongoing efforts to diversify the regional economic base in McDowell County.
Property taxes are administered at the county level in West Virginia; specific district rates vary by municipality and school district levies.
The economy is centered on McDowell County's historical coal industry, which has seen significant long-term contraction.
Data sourced from Census Reporter and Point2Homes profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.