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Raleigh County, WV

District 3

RANK #229 / 996 NAT  ·  #1 / 11 WV  ·  POP 74,303

1YR FORECAST: +2.0%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Raleigh County at +2.0% over the next year.

[01] Why Raleigh County?

The Beckley Exhibition Coal Mine, where visitors can descend into a former working mine, offers a glimpse into Raleigh County's past and is a notable local landmark. Located in southern West Virginia, Raleigh County's seat, Beckley, is one of the state's larger cities. The county is approximately an hour's drive from Charleston, West Virginia's capital. The area is characterized by its mountainous terrain and offers outdoor recreation opportunities, including Lake Stephens for boating and swimming, and Winterplace Ski Resort for winter sports. Life in Raleigh County often appeals to families and retirees, with a majority of residents owning their homes. The public school system in Raleigh County is rated above average. Recent economic developments show investment in sectors such as logistics and distribution, with new facilities creating jobs. The county also sees ongoing interest in energy and infrastructure projects. Public transportation, provided by the New River Transit Authority, serves Beckley and several other towns within Raleigh and Fayette counties.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+3.9%

Above national median

Home Prices
-3.9%

Prices declining

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Raleigh General Hospital Healthcare
  2. 2
    Walmart Retail
  3. 3
    Community Health Systems Healthcare
  4. 4
    Little General Convenience Stores Retail
  5. 5
    Speedway Superamerica Retail
  6. 6
    Prudential Financial Finance
  7. 7
    West Virginia Department of Transportation Government
  8. 8
    State of West Virginia Department of Education Government
  9. 9
    Hospice Of Southern WV Inc. Healthcare
  10. 10
    Kindred At Home Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Raleigh County U.S. National

The Numbers

DEMOGRAPHICS
Population
74,303
-0.84% YoY
Median Household Income
$47,975
Median Home Value
$132,300
-3.85% 12mo
Median Rent
$819
Average Annual Pay
$54,223
+3.4% YoY
Employment
32,322
+2.3% YoY
Income-to-Home-Value
0.3626
More affordable than average
Migration Inflow
4.46%
of pop. from another state
Bachelor's Degree+
20.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$140,000
Days on Market
128
Slower market
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
92.0%
Negotiation room for buyers
Sold Above List
7.7%
Listings w/ Price Drops
14.9%
Building Permits (2024)
41
Single-Family Permits
41

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.9
per 100K · nat avg 6.3
Firearm Fatalities
21.8
per 100K · nat avg 14.8
Injury Deaths
204.8
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$921M
TOTAL
PROJECT AMOUNT STATUS
Proposed Data Center Development (Ghent/Whitby Mountain Area)
Undisclosed
$500M Proposed
Raleigh Solar + Storage Project
Enel Green Power
$120M Proposed
Beckley Z-Way
West Virginia Division of Highways
$111M Under Construction
Raleigh Solar Project
Enel Green Power North America (formerly Dakota Renewable Energy)
$90M Under Construction
Amazon Fulfillment/Delivery Center
Amazon
$50M Operating
Glade Springs New Construction Homes (Stonehaven and Woodhaven)
CMHK Builders, Inc.
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +3.9% 70 percentile
Population Growth -0.8% 5 percentile
Income Growth +11.2% 92 percentile
Vacancy Rate 1.3% 31 percentile
Home Price Change -3.9% 6 percentile
Rent Growth +6.1% 87 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Raleigh County, WV a good place to move to?

With a Boom Town Index score of 77/100, Raleigh County sits in the upper half of all 996 ranked counties. Employment is expanding at +2.3%, and median household income stands at $47,975 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in WV.

Is Raleigh County affordable?

By national standards, Raleigh County is quite affordable. Homes here have a median value of $132,300, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $819/month. Residents can generally buy a home without being cost-burdened.

Is Raleigh County growing or shrinking?

It's a mixed picture in Raleigh County. The population is declining (-0.8% YoY), but employers are actually hiring — job growth is at +2.3%. Home values moved -3.9% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are people moving to Raleigh County?

There's a moderate stream of newcomers. About 4.46% of residents moved from another state, which is above average and suggests Raleigh County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Harrison County, WV 75 Jefferson County, WV 73 Berkeley County, WV 59 Kanawha County, WV 55 Cabell County, WV 54 Marion County, WV 53 Erie County, OH 77 Grand Forks County, ND 77