The story of this market
The typical home in ZIP 24892 sells for about $55,000, or $45 per square foot.
Prices are down 5.2% from a year ago, which gives buyers more room to negotiate. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $726 a month.
ZIP 24892 — War
The housing market in ZIP 24892 remains stagnant, characterized by very low price points and limited inventory. Market activity is driven by local demand rather than external investment, resulting in a slow pace of sales and minimal price appreciation.
This area is best suited for budget-conscious buyers or those with local employment ties, as it offers very low entry prices but limited modern amenities.
Median prices moved down 5.2% year over year.
Homes spend a median of 120 days on market with 7.5 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 1.1% · poverty 24.3% — 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 1.5%/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 1.7%/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 24892, McDowell County WV
Crime rates in the region are generally low, though property crime remains a concern in isolated rural pockets of McDowell County.
Public schools in the area are part of the McDowell County School District, which faces significant funding and enrollment challenges common to the region.
The area is prone to mountainous terrain risks, including flash flooding in low-lying areas and potential for slope instability.
Economic momentum is limited, with the area historically reliant on coal mining; current development is focused on infrastructure maintenance rather than new commercial expansion.
Property taxes are assessed by the McDowell County Assessor based on a statewide assessment ratio; the area includes specific municipal levies for the City of War.
Commutes are primarily via winding mountain roads, with limited access to major employment hubs outside of the immediate county.
Recreation is centered on outdoor activities, including access to rugged mountain trails and proximity to regional state parks.
The rental market is characterized by low inventory and limited turnover, with most units being older single-family homes.
The local economy is historically tied to the coal industry, with ongoing efforts to diversify into tourism and regional services.
Transportation is heavily reliant on private vehicles due to the lack of public transit infrastructure in the mountainous terrain.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The McDowell County Assessor manages property valuations, typically reassessing based on state-mandated cycles.
Parcels are subject to McDowell County school and general county levies, with no significant MUD or PID districts reported.
Property insurance premiums are influenced by the area's rural nature and specific hazard risks, including flood zones.
Data retrieved from US Census Bureau ZCTA-level 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.
Local community park providing basic outdoor space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.