The story of this market
The typical home in ZIP 24895 sells for about $41,526, or $32 per square foot.
Prices are down 20.7% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $650 a month.
ZIP 24895 — Wilcoe
The housing market in ZIP 24895 is characterized by extremely low inventory and declining home values, reflecting the broader economic contraction in McDowell County. With minimal sales activity and a shrinking population, the market remains stagnant with little evidence of new development or investment. Current conditions are driven by the long-term decline of the regional coal industry.
This area is primarily suited for individuals seeking low-cost, rural living or those with existing local ties, as the market lacks the amenities and employment density typically sought by commuters or investors.
Median prices moved down 20.7% year over year.
Homes spend a median of 88 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 0.0% · poverty 0.0% — 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 -0.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 24895, McDowell County WV
The region faces significant risks related to mountainous terrain, including potential for flash flooding and limited emergency access in remote areas.
The local economy is historically tied to coal extraction, which has seen long-term decline, leading to significant population loss and limited new infrastructure development.
Property taxes are assessed by the McDowell County Assessor based on 60% of fair market value, with rates determined by local levies and state-mandated school district requirements.
Commutes are primarily via rural state routes; access to major employment hubs is limited by mountainous geography and significant travel distances.
Recreation is centered on outdoor activities including access to rugged mountain trails and proximity to regional forest lands.
The rental market is characterized by very low inventory and limited turnover, with most housing stock consisting of older, single-family detached units.
The economy is heavily reliant on legacy coal mining and public sector employment, with limited diversification in the private sector.
Transportation infrastructure is limited to rural highway corridors with no public transit systems available.
The McDowell County Assessor manages property valuations, which are generally low due to the depressed real estate market and lack of recent sales activity.
Parcels are subject to McDowell County school district levies and standard county-wide utility and emergency service assessments.
Property insurance availability is constrained by high hazard risks and the low value of housing stock, often leading to higher relative premiums.
Data derived from McDowell County aggregate census profiles and ZCTA-level mapping.
Historic administrative center located in the county seat of Welch.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.