The story of this market
The typical home in ZIP 24742 sells for about $154,466, or $85 per square foot.
Prices are down 1.7% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $810 a month.
ZIP 24742
The housing market in this ZIP code is currently stable, with home values showing a slight softening consistent with broader regional trends. Inventory remains limited, and the market is characterized by a balance between buyer and seller expectations. Rent prices have seen a decline, suggesting improved affordability for the local rental population.
This ZIP is well-suited for budget-conscious family buyers and those seeking a quiet, rural-suburban lifestyle with proximity to regional employment centers.
Median prices moved down 1.7% year over year.
Homes spend a median of 62 days on market with 4.2 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 6.1% · poverty 14.8% — 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 5.2%/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 3.8%/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 24742, Mercer County WV
Crime rates in the region are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools in the area are primarily served by the Mercer County School District, which maintains a mix of rural and suburban educational facilities.
The area faces moderate risks from seasonal flooding in low-lying areas and occasional severe wind events, with standard insurance coverage typically available.
Economic momentum is driven by healthcare, education, and local government sectors, with limited large-scale industrial development currently underway.
Property taxes are assessed at the county level based on a percentage of fair market value, with specific levies for school districts and local municipal services.
Commuting is primarily car-dependent, with residents typically driving to nearby employment hubs in Bluefield or Princeton via local highway corridors.
The area offers access to local parks, hiking trails, and proximity to regional outdoor recreation sites, with basic shopping and dining available in nearby town centers.
The rental market is characterized by moderate vacancy pressure and a recent downward trend in asking rents, providing increased affordability for tenants.
The local economy is anchored by healthcare services, public education, and retail trade, with a focus on regional service provision.
Transportation is heavily reliant on private vehicles, with limited public transit options available for regional commuting.
Development is focused on small-scale residential infill and infrastructure maintenance rather than large-scale commercial expansion.
The county appraisal district conducts periodic assessments to determine property values for tax purposes, following state-mandated guidelines.
Parcels are subject to standard county and school district tax levies, with no major MUD or PID districts reported.
Property insurance premiums are influenced by regional hazard profiles, with standard coverage readily available for residential properties.
The state has experienced modest net domestic migration shifts, with rural counties seeing stable population retention.
West Virginia operates primarily as a non-judicial foreclosure state, with specific notice requirements for lenders.
Sellers are required to provide a standard property disclosure form detailing known material defects at the time of sale.
Data retrieved from US Census Bureau and e-WV Encyclopedia.
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 recreational facilities for residents.
Serves as the primary commercial hub for daily needs and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.