All homes and bedroom counts
Markets / West Virginia / Wheeling
RENTAL MARKET INTELLIGENCE
Wheeling, WV
Investigate Wheeling if you prioritize a low acquisition basis and can underwrite weak demand; avoid it if your plan requires employment or population growth.
Median price$144k
Median rent$919
Gross yield7.6%
Job growth▼ 0.6%
Composite Market ScoreRank #313 of 571 scored US market areas
Direct rental answer
How much is rent in Wheeling, WV?
Zillow's metro-wide Observed Rent Index is $919 per month for 2026-06-30. That is up 3.58% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Wheeling
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Belmont County, OHFIPS 39013 | $683 | $816 | $991 | $1,277 | $1,413 |
| Ohio County, WVFIPS 54069 | $683 | $816 | $991 | $1,277 | $1,413 |
| Marshall County, WVFIPS 54051 | $683 | $816 | $991 | $1,277 | $1,413 |
The read
Why this market scores where it does
Investigate Wheeling if you prioritize a low acquisition basis and can underwrite weak demand; avoid it if your plan requires employment or population growth. The $144,164 median home value and 7.65% gross yield support initial screening, while the 2.51 price-to-income ratio indicates accessible purchase pricing relative to local income.
Rent signals are positive but not decisive: median asking rent is $919 and rose 3.58%, yet CES jobs fell 0.64% and there were 251 more out-movers than in-movers. Current rent economics are the opportunity; the employment and migration readings are the occupancy and rent-growth risks.
Supply pressure appears limited, with 8 permits and 4.6 months of for-sale supply, but resale conditions are not tight: 28.36% of listings had price drops. Inland flood is the dominant hazard, and the annual climate loss ratio is 0.2455% of building value, making property-level flood exposure and insurance terms important checks.
Frequently Asked Investor Questions
What gross income profile do the median price and rent indicate?
The published gross yield is 7.65%, based on a $919 median asking rent and a $144,164 median home value.
How much negotiating room is visible in the resale market?
Months of supply was 4.6, median time on market was 47 days, and 28.36% of listings had price drops.
How active are non-occupant buyers?
Non-occupants represented 13.2% of purchase mortgages, with 1,083 total purchases recorded.
Investor Quick Takeaways
Gross Yield: 7.6%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 3.58%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 13.2%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Wheeling as the starting point or move into a more specific property and rent check.
Run cash flowStarts with this market's measured price and rentSave to shortlistCompare this metro with up to four other placesCheck rent by ZIPMove from metro context to a local rent benchmarkFind a comparison marketRead a curated two-market decision analysisShare this analysisEmail the canonical link without adding page scriptsReport a data issueSend the figure, source and release period to review
Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply4.6 mo.▲ from 2.8 mo. a year ago
Median days on market47 days▼ from 49 days a year ago
Listings with price drops28.4%▼ from 29.1% a year ago
Sale-to-list ratio96.0%2026-05-01
Home value growth▲ 4.1%Zillow ZHVI · trailing 12 months
Rent growth▲ 3.58%Zillow ZORI · trailing 12 months
Gross rental yield7.6%Rent × 12 ÷ price
Payroll job growth▼ 0.6%CES · 12m to 2026-06
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady47→47
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
The one chart
Rents versus prices, indexed to 2019
Both series start at 100. The gap between the lines is the investment case, and which line is closing it tells you what kind of market this is.
Reindexed Price vs. Rent Growth
2019 = 100 · annual · 2019–2026
Since 2019, prices are up 30% and rents 21%. Prices running ahead of rents is what compresses yield. ✓ recomputed from series
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
47| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 23 | 30% | 6.90 |
| Rent trend | 55 | 25% | 13.75 |
| Affordability | 86 | 15% | 12.90 |
| Supply pressure | 74 | 15% | 11.10 |
| Climate risk | 15 | 15% | 2.25 |
| Published score | 47 | ||
Wheeling, WV scoreRank #313
47Job growth23/100
CES employment fell 0.64% year over year -> demand underwriting should not assume job growth.
Rent trend55/100
Median asking rent rose 3.58% to $919 -> current rent performance is positive, but future growth is not established.
Affordability86/100
Rent equals 19.21% of median household income and price-to-income is 2.51 -> housing costs screen as affordable relative to local income.
Supply pressure74/100
Permits totaled 8, or 0.06 per 1,000 residents, while months of supply was 4.6 -> new-build competition appears limited, but resale inventory remains available.
Climate risk15/100
The annual climate loss ratio is 0.2455%, with inland flood the dominant hazard -> flood exposure and insurance terms require property-level review.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$144k
YoY ▲ 4.1%
ZORI Median Rent
$919
YoY ▲ 3.58%
Gross Rental Yield
7.6%
Rent × 12 ÷ price
$919 × 12 ÷ $144,164
Job Growth (YoY)
▼ 0.6%
CES payrolls
Job signal 23/100
Median Household Income
$57k
Census ACS 5-year
Rent Burden
19.2%
Annual rent ÷ household income
Price-to-Income
2.5x
Median value ÷ household income
HUD 2BR Fair Market Rent
$991
Market rent 92.7% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$919Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$816−$103 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$991+$72 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$812−$107 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Wheeling as context, then replace market-wide evidence with the candidate property's facts.
Regional price level
What feels expensive inside Wheeling
BEA compares each category with the United States, which equals 100. This is a 2024 price-level comparison—not annual inflation.
BEA Regional Price Parities · 2024US = 100
Occupation wage lens
How asking rent sits against major local occupations
Annualized Zillow asking rent is divided by each BLS annual median wage. This is a screening ratio for one wage, not a household budget or affordability verdict.
Six largest published major groupsannual rent ÷ median wage
Office and Administrative Support Occupations$39,530 median wage
27.9%
Food Preparation and Serving Related Occupations$27,670 median wage
39.9%
Transportation and Material Moving Occupations$38,590 median wage
28.6%
Sales and Related Occupations$30,140 median wage
36.6%
Healthcare Practitioners and Technical Occupations$73,970 median wage
14.9%
Construction and Extraction Occupations$64,250 median wage
17.2%
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
8 units authorised in 2026, 0% of them in 5+ unit buildings. This is a single-family building cycle, so the competition is other houses, not new apartments. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
−251
1,691 in vs 1,942 out (IRS SOI)
▼ 14.8% of arriving households
Mover Income Gap
−$4,799
Arriving $52,135 vs leaving $56,934
Average AGI per tax return (IRS SOI)
Investor Purchase Share
13.2%
143 of 1,083 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
inland flooding
0.246% building value annual loss ratio
FEMA NRI · risk type: water
Compare yield and FEMA exposure →Households arrive mainly from: Jefferson County · Brooke County · Washington County · Allegheny County · Wetzel County
✓ 1,691 in − 1,942 out = -251 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Weirton, WV216 arriving
- Pittsburgh, PA123 arriving
- Columbus, OH40 arriving
Leading outbound markets
- Weirton, WV191 leaving
- Pittsburgh, PA144 leaving
- Columbus, OH100 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- CES employment declined 0.64% year over year, leaving a growth-dependent leasing plan without job support.
- Out-movers exceeded in-movers by 251 households, and the average mover-income gap was negative $4,799.
- Inland flood is the dominant hazard, and the annual climate loss ratio is 0.2455% of building value.
Inside this metro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
Statistical peers
Market areas that behave like Wheeling
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Wheeling, WV (Target) | 47 | $144k | $919 | 7.6% | ▼ 0.6% |
| Rocky Mount, NC | 26 | $203k | $1,262 | 7.4% | ▼ 0.5% |
| Beckley, WV | 34 | $153k | $1,020 | 8.0% | ▼ 0.7% |
| Anniston, AL | 52 | $173k | $1,022 | 7.1% | ▼ 0.5% |
| Alexandria, LA | 47 | $174k | $1,128 | 7.8% | ▼ 0.1% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |