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EconPulse

Local economy signal dashboard

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PLACEStable

Mount Hope, WV

Stable overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score60out of 100
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86
0
100
73
100

Population

1,504

Data freshness

Unknown

GDP / Output

+6.8% YoY

86

$1.6B

Output changed +6.8% in 2024.

Vintage date unknown

State growth4.9%
U.S. growth5.3%

Jobs

Unemployment rate

0

14.6%

Unemployment is 14.6% for Latest available.

Vintage date unknown

State avg4.2%
U.S. avg5.2%

Population

+41.9% 5-year

100

1,504

Population moved +41.9% over the latest ACS window.

Vintage date unknown

State population1,778,373
U.S. population334,922,499

Housing

Rent share of income

73

19.2%

Median rent consumes 19.2% of median household income: Affordable.

Vintage date unknown

State rent$872
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.8K per resident

100

$355.8M

$355.8M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$23.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$355.8M

$8.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$257.8M
2. Department of Veterans Affairs$47.0M
3. Department of Transportation$22.2M

Top recipients

Dollars
1. WVDOT DIVISION OF HIGHWAYS$21.9M
2. TOWN OF ANSTED$4.4M
3. FAYETTE COUNTY CHILD DEVELOPMENT CENTER$3.1M

Affordable

Housing Affordability

19.2%

of median income

1BR estimate$450
2BR estimate$593
Median income$34,375
Median home value$101,000

ACS context

Quick Facts

Population

1,504

Median age

39.8

Bachelor's degree+

12.2%

Poverty rate

32.3%

Labor force participation

43.0%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+7.2%

GDP CAGR

+8.4%

Federal flow

5 years

Population (5 years)
20201,060
20211,009
20221,032
20231,369
20241,504
GDP (5 years)
2020$1.1B
2021$1.2B
2022$1.4B
2023$1.5B
2024$1.6B

2-year linear forecast

Predictive Outlook

Population forecast

20241,504
20251,569 *
20261,694 *

R² = 75.9% · * projected

GDP forecast

2024$1.6B
2025$1.7B *
2026$1.9B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$34,375/yr
Median rent$549/mo
Rent share of income19.2%
Est. mortgage (30yr, 6.5%)$6,129/yr
Mortgage share of income17.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate14.6%
State avg4.2%
U.S. avg5.2%
Labor force participation43.0%
Poverty rate32.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$101,000
Median monthly rent$549
Price-to-rent ratio15.3x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score61/100
Economic growth86/100
Labor market0/100
Population momentum100/100
Overall stability60/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Mount Hope city, West Virginia

City/Town

Part of

Beckley, WV

Nearby locations

Glen Jean, WVHilltop, WVBradley, WVScarbro, WVProsperity, WV