Is Elkins, WV a good place to invest in rental property?

Elkins, WV has a median modeled monthly cash flow of $-515 and a median cap rate of 3.7%, on a median sold price of $190,900. Prices changed +2.3% year over year.

What is the average cap rate in Elkins, WV?

The median cap rate across recently sold homes in Elkins, WV is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elkins, WV?

The median sold price in Elkins, WV is $190,900 (about $110 per square foot).

Investing in Elkins, WV Real Estate

A data-driven snapshot of the Elkins, WV rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$190,900Median sold price

$110Median $/sqft

3.7%Median cap rate

$-515Modeled cash flow / mo

+2.3%Appreciation YoY

14.7Months of supply

114Active listings

93Sold (last 12 mo)

What the Elkins numbers say

In Elkins, WV, the median home sold for $190,900 (about $110 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-515 of monthly cash flow. Sold prices moved +2.3% over the past year. Inventory sits at about 14.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 3 fix-and-flip deals in Elkins — listings where the estimated after-repair value beats list price + rehab.

Other West Virginia markets to compare

See Elkins cash-flowing listings

CashFlowRE ranks every for-sale home in Elkins, WV by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elkins deals, or browse the national market data.