West Virginia
While West Virginia is one of the smallest states by land area, it provides affordable property values with high rental demand in various areas. The median property value in the Mountain State increased nearly 1% YoY to $248,9001. Additionally, the state has seen a rise in rents by 15% YoY, with the average at $1,150 per month2. For SFR investors looking for a low barrier to entry and the potential for cash flow, West Virginia can be a promising market.
West Virginia has diverse markets that suit both short-term rental and long-term rental strategies. For STRs, AirDNA gives the entire state an 84 out of 100 market score, with a perfect 100 for investability. More specifically, Huntington and Wheeling are some of the best submarkets for STRs. Both areas earned a 97 out of 100 market score through AirDNA3.
On the other hand, MTR and LTR strategies tend to work well near the universities. For example, Morgantown is home to West Virginia University, the state’s largest university.
Visio Lending is West Virginia’s premier DSCR lender, requiring an MSA or approved exception. We offer flexible financing solutions to help investors scale their rental portfolios in this growing market.
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