Follansbee, WV—26037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Follansbee, WV
As of Oct '25, the median home price in Follansbee, WV is $119,000, with a year-over-year change of 1.3%. This indicates that home prices in Follansbee, WV are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $119,000 | 1.3% |
| Single Family | $119,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $75,000 | -6.2% |
3 Bed | $139,000 | 1.5% |
4 Bed | $164,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Follansbee, WV
As of July '25, Rentcast reports the average rent in Follansbee, WV is $665, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Follansbee, WV is studios: $475, 2-bedrooms: $712. The most common rental property sizes in Follansbee, WV are 1-bedroom and 2-bedroom, accounting for 44.1% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $665 |
| Studio Rent | $475 | $475 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $625 | $712 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Follansbee, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Follansbee, WV is 60. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $152,000 | -13.0% |
Listing Count | 29 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 60 | -19.0% |
Demographics — Follansbee, WV
As of the latest ACS Survey released in 2023, Follansbee, WV has a population of 5,730, which has decreased by -11.3% over the past 5 years. Follansbee, WV is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,730 | -11.3% |
% Under 18 | 15.4% | -22.6% |
% Seniors | 22.8% | 8.6% |
% WFH | 9.9% | 296.0% |
% w/ College Degree | 21.2% | 22.5% |
As of the latest ACS Survey released in 2023, Follansbee, WV is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Follansbee, WV is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.7% of the population in Follansbee, WV, and this percentage has increased by 88.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.1% | -1.0% |
% Black | 0.1% | -92.3% |
% Hispanic | 1.4% | 27.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | 88.9% |
Mortgage and Risk — Follansbee, WV
According to HUD data as of 2023, there were 112 mortgage originations in Follansbee, WV, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Follansbee, WV. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Follansbee, WV
Follansbee, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 116 |
Total Units Section 8 | 116 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | $255 | $625 | $880 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Follansbee, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $119,000 |
| Median Household Income | $56,700 |