RV Park Cap Rates in West Virginia
Real capitalization rate data from 23 parks across West Virginia. Understand what the market is actually returning before you write a check.
What This Means for Investors
West Virginia sits in the healthy mid-range. An average cap rate of 9.1% offers meaningful cash-on-cash returns especially with modest leverage — and this market hasn't been bid up to the institutional compression you see in Florida or the Sun Belt.
The 4.7%–15.9% spread across 23 parks shows market diversity. Lower cap rate parks are likely in population centers with demand certainty; the high-cap parks are often rural plays where you're underwriting occupancy risk in exchange for yield. Define your thesis before you shop.
With data spread across 22 cities, West Virginia offers enough geographic diversity to be selective. The city breakdown below shows where the cap rate compression is worst and where pockets of yield still exist.
At an average estimated value of $2,458,260, most West Virginia parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — West Virginia
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Weirton | 9.2% | 2 | $990,000 |
| Nicholas County | 15.9% | 1 | $3,575,000 |
| Delbarton | 14.5% | 1 | $900,000 |
| Proctor | 14.0% | 1 | $3,850,000 |
| Julian | 11.2% | 1 | $675,000 |
| Mineral Wells | 11.2% | 1 | $2,750,000 |
| Elkview | 10.7% | 1 | $1,035,000 |
| Milton | 10.3% | 1 | $675,000 |
| Gilbert | 10.0% | 1 | $1,650,000 |
| Marlinton | 9.9% | 1 | $270,000 |
| Parsons | 9.8% | 1 | $990,000 |
| Point Pleasant | 9.5% | 1 | $4,125,000 |
| Fayetteville | 8.1% | 1 | $1,595,000 |
| Cottageville | 7.1% | 1 | $3,685,000 |
| Falling Waters | 6.9% | 1 | $2,750,000 |
| Huntington | 6.8% | 1 | $2,310,000 |
| Hedgesville | 6.6% | 1 | $1,375,000 |
| Kenna | 6.6% | 1 | $8,250,000 |
| Gauley Bridge | 6.4% | 1 | $2,860,000 |
| Ripley | 5.5% | 1 | $1,650,000 |
| Beckley | 4.8% | 1 | $7,500,000 |
| seneca rocks | 4.7% | 1 | $2,090,000 |
Top 10 Highest Cap Rate Parks
Highest estimated returns — investigate occupancy, management quality, and NOI sustainability before buying on cap rate alone.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Summersville Lake Retreat | Nicholas County | 15.9% | 65 | $3,575,000 |
| Backwoods Camping & RV Park | Delbarton | 14.5% | 20 | $900,000 |
| Roseland RV Resort | Proctor | 14.0% | 70 | $3,850,000 |
| 119 Rivers Edge Campground | Julian | 11.2% | 15 | $675,000 |
| American Way RV Park - Parkersburg | Mineral Wells | 11.2% | 50 | $2,750,000 |
| Lazy K's Campground and Canoe Livery | Elkview | 10.7% | 23 | $1,035,000 |
| Outlook Pointe Campground | Milton | 10.3% | 15 | $675,000 |
| Twin Hollow Campground | Gilbert | 10.0% | 30 | $1,650,000 |
| Marlinton Creek & Trail Campground | Marlinton | 9.9% | 6 | $270,000 |
| Brooklyn Heights Riverfront Campground | Parsons | 9.8% | 22 | $990,000 |
10 Lowest Cap Rate Parks
Lower cap rates reflect higher prices relative to income — often found in premium markets, coastal areas, or parks with strong amenities and stable occupancy.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Seneca Rocks RV Resort | seneca rocks | 4.7% | 38 | $2,090,000 |
| Lake Stephens RV Campground | Beckley | 4.8% | 100 | $7,500,000 |
| Statts Mill Campground & Cabin | Ripley | 5.5% | 30 | $1,650,000 |
| New River Campground Inc. | Gauley Bridge | 6.4% | 52 | $2,860,000 |
| Rippling Waters Campground | Kenna | 6.6% | 110 | $8,250,000 |
| Lazy A Campground | Hedgesville | 6.6% | 25 | $1,375,000 |
| Robert Newlon Airpark | Huntington | 6.8% | 42 | $2,310,000 |
| Leatherman's/Falling Waters Campsite | Falling Waters | 6.9% | 50 | $2,750,000 |
| Blue Heron Landing RV Campground | Cottageville | 7.1% | 67 | $3,685,000 |
| Rifrafters Campground | Fayetteville | 8.1% | 29 | $1,595,000 |
Get Full Owner Contact Data for West Virginia
Cap rates tell you where to look. Owner contact data gets you in the door. Access phone numbers, emails, and deal pipeline tools for every park in West Virginia.
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