Real Estate Investing in Newport, Virginia (24128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24128 (Newport, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Newport, VA (24128)?
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Market Analysis: 24128 Newport
The 24128 ZIP covers a section of Newport that demands careful diligence. Prices near $316K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 24128 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 24128 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 24128 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Newport's stable or hybrid ZIPs before stepping into 24128. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Newport:
Property Strategy for 24128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,766 | $1,110 | 3.6% | +7.8% | $111,883 |
| 3BR | $304,194 | $1,490 | 3.5% | +8.3% | $101,398 |
Market Trends
Home Value History (with trend line)
📊 How Does 24128 Compare?
| Metric | 24128 | Newport | Blacksburg-Christiansburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $316,404 | $316,404 | N/A | $403,170 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.4% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24128 (Newport, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $316,404 |
| Monthly Rent | $999 |
| Price-to-Rent | 26.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (2.5%). 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 24128
Population: 1,660
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Newport, VA a good place for real estate investing?
With a 3.0/5 investability score, Newport, VA ranks as a solid market for rental property investors. Median prices of $316K and rents of $999/mo drive the underlying numbers.
Is it easy to find good tenants in Newport, VA?
Newport, VA offers a steady renter base at the $999/mo rent level. Tenant turnover is reasonable for well-managed properties.
Where do rents currently stand in Newport, VA?
Expect rents around $999/mo per month in Newport, VA. With home values at $316K, the yield math works out to reasonable levels for rental investors.
How quickly do rentals get leased in Newport, VA?
Newport, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
What is the best play in Newport, VA?
The best-fit strategy in Newport, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 24128 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24128 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 24128 ranks in Blacksburg-Christiansburg, VA
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