Housing market/West Virginia/ZIP 24740
ZIP 24740 Princeton, Mercer County, West Virginia
Mercer County, WV · West Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 24740 · WV — sent to you.
ZIP 24740 · WV
ACS rent vs 2BR SAFMR
ZIP 24740 — Princeton, WV HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 24740
- 1-unit detached5,05262.6%
- 1-unit attached1541.9%
- 2–4 units5436.7%
- 5–49 units81310.1%
- 50+ units1231.5%
- Mobile1,38417.2%
2–4 unit share 6.7% · 5–49 unit share 10.1% · combined 2–49 16.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $831 (all bedrooms, occupied rentals).
- Median contract rent $629.
- Renters paying ≥30% of income 52.7%; ≥50% 19.7%.
- FY2027 2BR SAFMR $940 (1.131× ACS median gross rent).
Population
16,559 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -46.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 225 units.
- HUD project-based assisted MF: 2 properties, 223 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 24740 36.8% of occupied households are renters; vacancy is 15.3%; ACS median gross rent is $831; population changed -46.0% between the 2018 and 2023 ACS vintages; the housing stock includes 543 units in 2–4-unit structures and 813 units in 5–49-unit structures; 5 LIHTC projects totaling 225 units; FY2027 2BR SAFMR is $940 versus ACS median gross rent of $831. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
West Virginia research
ZIP 24740 is a Census / HUD profile for Mercer County, WV. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 24740 — Princeton, WV HUD Section 8 Payment Standards / SAFMR·West Virginia ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is West Virginia research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 24740?
ZIP 24740 (Mercer County, WV) has 16,559 residents, 6,837 households, a renter share of 36.8%, median household income of $46,272, and ACS 2023 median gross rent of $831. Vacancy is 15.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 24740?
ACS counts 251 units in 2-unit buildings, 292 in 3–4 unit buildings, 547 in 5–9, 186 in 10–19, and 80 in 20–49. Combined 2–49 unit stock is 1,356 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 24740?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $940. See the full schedule and 90–110% payment-standard band on the ZIP 24740 — Princeton, WV HUD Section 8 Payment Standards / SAFMR.
Does this West Virginia ZIP profile include Georgia listings?
No. ZIP 24740 is Census / HUD research for Mercer County, WV. Jeff Crowe CRE does not list West Virginia property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.