The story of this market
The typical home in ZIP 24724 sells for about $104,100, or $72 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 24724 — Bramwell
The housing market in 24724 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand for affordable housing, with limited new construction keeping supply tight. Buyers should expect a competitive environment for well-maintained properties.
This ZIP is best suited for local workers and families seeking affordable housing in a rural setting, as well as those looking for a lower cost of living compared to larger metropolitan areas.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 6.2 months of supply — a balanced-paced 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 3.4% · poverty 30.9% — a mixed stability 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 1.9%/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 2.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 24724, Mercer County WV
Public schools in the region are managed by the Mercer County School District, which serves the local population with a mix of rural elementary and consolidated secondary facilities.
The area is subject to standard regional flood risks associated with Appalachian topography and mountainous terrain; property insurance remains stable but sensitive to regional weather patterns.
Economic momentum is driven by healthcare, education, and regional retail services, with limited large-scale industrial development currently reported in this specific ZIP.
Property taxes are assessed by Mercer County based on a percentage of fair market value; the jurisdiction utilizes a standard millage rate structure common to West Virginia counties.
Residents primarily rely on personal vehicles for transit, with commute times reflecting the rural nature of the area and access to regional corridors like US-460.
The area offers access to local parks and outdoor recreation typical of the Appalachian region, with proximity to regional shopping and dining hubs in nearby Princeton and Bluefield.
The rental market is characterized by low inventory and steady demand from local workers, with limited short-term rental penetration compared to urban centers.
The local economy is anchored by healthcare services, public education, and regional retail, with a workforce largely employed in service and administrative sectors.
Transportation is primarily highway-based, with access to regional routes connecting the area to the broader Bluefield-Princeton micropolitan corridor.
Development activity is currently focused on small-scale residential improvements and infrastructure maintenance rather than large-scale commercial projects.
The Mercer County Assessor's office manages property valuations based on periodic reappraisals to ensure tax equity across the county.
Parcels are subject to standard county-level school and emergency service district levies.
Property insurance availability is stable, though premiums are influenced by regional wildfire and flood risk assessments.
Data derived from Mercer County census profiles and ZCTA-level aggregations.
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.
Provides local green space and outdoor recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.