57 / 100

Raleigh County, WV

RANK #426 / 996  ·  POP 74,303  ·  WV

PROJECTED GROWTH: +1.0%

Raleigh County's economy is holding up, but population decline raises questions about long-term trajectory.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Raleigh County has a Boom Town Index score of 57/100, ranking #426 among 996 U.S. counties. With job growth at +2.3% and a median household income of $47,975, it's an above-average county on economic indicators.

Is Raleigh County affordable?

The median home value in Raleigh County is $132,300 with median rent at $819/month. The income-to-home-value ratio is 0.3626, which is more affordable than the national average.

Is Raleigh County growing or shrinking?

Population growth: -0.8% year-over-year. Job growth: +2.3%. Home values changed -3.9% in the past 12 months.

Are people moving to Raleigh County?

Yes — 4.46% of Raleigh County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Cache County, UT 67 Jackson County, MI 67 Creek County, OK 67 Columbia County, GA 67 Macomb County, MI 67 Van Buren County, MI 67 Warren County, NJ 67 Russell County, AL 67