Lerona, WV—24712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lerona, WV
As of Nov '25, the median home price in Lerona, WV is $196,000, with a year-over-year change of 1.9%. This indicates that home prices in Lerona, WV are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 1.9% |
| Single Family | $195,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 1.4% |
3 Bed | $205,000 | 1.0% |
4 Bed | $216,000 | -1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lerona, WV
Lerona, WV lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lerona, WV
As of Nov '25, Realtor.com reports that the median days on market for a home in Lerona, WV is 70. This is a decrease of -77.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $177,000 | -29.0% |
Listing Count | 6 | 111.0% |
| Listings as % of Homes | N/A | 111.0% |
Days on Market | 70 | -77.0% |
Demographics — Lerona, WV
As of the latest ACS Survey released in 2023, Lerona, WV has a population of 2,550, which has increased by 16.7% over the past 5 years. Lerona, WV is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,550 | 16.7% |
% Under 18 | 23.4% | 84.3% |
% Seniors | 12.5% | -28.6% |
% WFH | 10.2% | 137.2% |
% w/ College Degree | 37.1% | 45.5% |
As of the latest ACS Survey released in 2023, Lerona, WV is a predominantly white area, with 91.4% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Lerona, WV is black, making up 3.7% of the population. Foreign-born residents account for 3.0% of the population in Lerona, WV, and this percentage has decreased by 18.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.4% | 1.2% |
% Black | 3.7% | -42.2% |
% Hispanic | 1.8% | -14.3% |
% Asian | 1.6% | ∞% |
% Foreign Born | 3.0% | -18.9% |
Mortgage and Risk — Lerona, WV
Lerona, WV lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Lerona, WV
Lerona, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $860 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Lerona, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $196,000 |
| Median Household Income | $64,600 |