The story of this market
The typical home in ZIP 24736 sells for about $125,000, or $85 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 24736 — Matoaka
The housing market in 24736 remains stable with low inventory and modest price appreciation. Demand is driven by local residents seeking affordable housing, while the limited supply keeps the market balanced. Current conditions reflect a slow-growth environment typical of rural Mercer County.
This ZIP is best suited for budget-conscious buyers and families seeking a quiet, rural lifestyle with proximity to the regional services of Mercer County.
Median prices moved up 4.2% year over year.
Homes spend a median of 92 days on market with 4.7 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 2.2% · poverty 14.6% — 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 4.4%/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 4.4%/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 24736, Mercer County WV
Crime rates in the Matoaka area are generally low compared to national averages, reflecting the rural character of Mercer County.
Schools serving this area are part of the Mercer County School District, which provides standard public education services for the region.
The area is subject to standard regional risks including localized flooding in low-lying areas near streams and seasonal wind events.
Economic momentum is modest, with the area primarily serving as a residential base for workers commuting to larger hubs like Bluefield and Princeton.
Property taxes are assessed by Mercer County based on a percentage of appraised value, with rates determined by local school and county levies.
Residents typically rely on personal vehicles for commutes, with travel times to employment centers in Princeton or Bluefield averaging 20-30 minutes.
Local recreation is centered on outdoor activities in the surrounding Appalachian terrain, with limited commercial shopping and dining options within the immediate ZIP.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workforce needs.
The local economy is anchored by regional healthcare, education, and government services located in nearby Princeton and Bluefield.
Transportation is primarily highway-based, with access to regional routes connecting to the broader Mercer County infrastructure.
There are no major large-scale commercial developments currently approved or under construction within the ZIP code boundaries.
The Mercer County Assessor manages property valuations, utilizing a mass appraisal system for tax purposes.
Parcels are subject to Mercer County school levies and local utility district assessments.
Property insurance premiums are stable, though coverage is influenced by regional wildfire and flood risk assessments.
Net domestic migration in West Virginia has historically been characterized by modest outflows, though rural areas like Mercer County maintain stable populations.
West Virginia follows a non-judicial foreclosure process, allowing for efficient resolution of defaulted mortgages.
Sellers are required to provide a standard property disclosure form detailing known material defects at the time of sale.
Data retrieved from data.census.gov 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 green space for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.