24873 ZIP Code Profile, Map, Data & Demographics

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Paynesville, WV 24873 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	964 (100%)
Population in Households	964 (100.0%)
Population in Families	797 (82.7%)
Population in Group Quarters¹	0
Population Density	18
Diversity Index²	14


INCOME
Median Household Income	$31,394
Average Household Income	$64,894
% of Income for Mortgage⁴	7%
Per Capita Income	$27,696
Wealth Index⁵	65

HOUSING
Total HU (Housing Units)	492 (100%)
Owner Occupied HU	314 (63.8%)
Renter Occupied HU	97 (19.7%)
Vacant Housing Units	81 (16.5%)
Median Home Value	$40,128
Average Home Value	$57,268
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	411
Average Household Size	2.35
Family Households	278
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Paynesville, WV 24873 - Peer Comparisons by Rank and Percentile

The table below compares 24873 to the other 668 ZIP Codes in West Virginia by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-1.83%	-1.39%
Households	-1.68%	-1.15%
Families		-1.18%
Median Household Income		1.57%
Per Capita Income		2.75%
Owner Occupied HU		-0.78%

Variable Description	Rank	Percentile
Total Population	# 300	55th
Population Density	# 512	23rd
Median Household Income	# 611	9th
Housing Affordability Index	# 650	97th
Per Capita Income	# 242	64th
Diversity Index	# 217	67th

24873 ZIP Code Profile, Map, Data & Demographics

ZIP Code 24873: Basic Data & USPS Preferred City Name

Paynesville, WV 24873 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Paynesville, WV 24873 - Peer Comparisons by Rank and Percentile

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