HousingHandbookReference data

U.S. ZIP Code · WV24740

Mercer County

Typical home value

$153,791[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.5%
5-year / yr
+6.3%
10-year / yr
+5.6%

Relative price

vs U.S.
-45.9%
vs metro
vs state
+8.6%
ZIP 24740 location in WV
Location of ZIP 24740 in WV

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 24740 is worth $153,791. Over the past year, values have fallen 3.5%. Homes here rent for a typical $788 a month — a 6.2% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$788[2]
Gross yield
6.2%[2]
Cap rate
3.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$812[3]

#Climate risk

FEMA National Risk Index ratings for Mercer County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Very Low
Heat wave
Very Low
Hurricane
Very Low
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
16,498[3]
Median household income
$44,793[3]

#Migration

Household moves in and out of Mercer County over a year, from IRS tax-return data.

Net migration
-159[5]
Moved in
905
Moved out
1,064

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
2
Middle
1
High
1
  • Princeton Senior High School

    High · Grades 9–12 · MERCER COUNTY SCHOOLS

    967 students

  • Princeton Middle School

    Middle · Grades 6–8 · MERCER COUNTY SCHOOLS

    506 students

  • Silver Springs Early Learning Center

    Prekindergarten · Grades PK · MERCER COUNTY SCHOOLS

    380 students

  • Mercer Elementary

    Elementary · Grades 3–5 · MERCER COUNTY SCHOOLS

    258 students

  • Straley Elementary School

    Elementary · Grades 3–5 · MERCER COUNTY SCHOOLS

    171 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield6.2%
Net yield (after ~40% expenses)3.7%
Annual rent$9,460

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$778
Loan principal$123,033
Down payment$30,758
Total interest paid$156,921

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.24
Monthly cost to own$974
Monthly rent$788

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 24740?
The typical home in 24740 is worth $153,791, based on the Zillow Home Value Index.
Are home values rising in 24740?
Home values in 24740 are down 3.5% over the past year, and up 6.3% a year over five years.
What is the typical rent in 24740?
A typical home in 24740 rents for about $788 a month, a gross rental yield of 6.2%.
What is the property tax rate in 24740?
The effective property tax rate in 24740 is 0.5% — roughly $812 a year on a typical home.
Who lives in 24740?
ZIP code 24740 has a population of 16,498 and a median household income of $44,793.

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