Real Estate Investing in Blackstone, Virginia (23824)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23824 (Blackstone, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 16.1% of homes vacant — above national norms.
What’s happening in Blackstone, VA (23824)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23824 Blackstone
Stepping back, ZIP 23824 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $203K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $203K asset, 23824 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 23824's metrics run below Nottoway County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 23824 includes headwinds that any investor should price in. Income distribution skews lower than Blackstone averages, and tenant stability requires active management.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Blackstone:
Property Strategy for 23824
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $240,367 | $1,950 | 5.8% | +10.8% | $80,122 |
| 4BR | $255,736 | $2,410 | 6.8% | +9.8% | $63,934 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23824 Compare?
| Metric | 23824 | Blackstone | Virginia |
|---|---|---|---|
| Home Value | $203,002 | $203,002 | $403,170 |
| 5-Year CAGR | 8.2% | 8.2% | 6.4% |
| Avg Rent | $1,500 | $1,500 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23824 (Blackstone, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,002 |
| Monthly Rent | $1,500 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23824
Population: 6,650
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23824
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How much is rent in Blackstone, VA?
Blackstone, VA rentals go for roughly $1,500/mo a month. That puts gross yield in solid territory relative to $203K acquisition costs.
What is the typical vacancy rate in Blackstone, VA?
Blackstone, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What kind of market is Blackstone, VA for investors?
Investors tracking Blackstone, VA will find a 3.0/5 rating supported by $203K median home values and $1,500/mo rents. That profile suits long-term holders targeting consistent returns.
What is the median home value in Blackstone, VA?
Typical homes in Blackstone, VA go for around $203K. The 5-year CAGR of 0.0% consistent price movement.
Does house hacking work in Blackstone, VA?
House hacking works a challenging in Blackstone, VA. Rents of $1,500/mo against $203K acquisition make the strategy solid for owner-occupants.
You know 23824 now. You don’t know where it ranks.
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