Investment metrics, interactive calculators, and data-driven analysis for Parkersburg rental properties.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
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Parkersburg, WV has a population of 50,000 and has been growing at -0.4% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $165,000 paired with median rents of $920/mo produces an estimated cap rate of 4.81%.
Property taxes at 0.58% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 7.5% runs above average, which increases cash flow volatility and warrants conservative underwriting.
At a price-to-income ratio of 3.9x, homes cost about 3.9 times the local median income of $42,200. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 1.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Parkersburg presents moderate opportunities. Cap rates near 4.81% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.