Real Estate Investing in Pearisburg, Virginia (24134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24134 (Pearisburg, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pearisburg, VA (24134)?
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Market Analysis: 24134 Pearisburg
This part of Giles County is not an easy win. The 24134 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $226K asset, 24134 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within VA, ZIP 24134 trails on several market indicators that neighboring Giles County submarkets outperform. The gap is real and durable enough to shape underwriting.
A durable renter share of 25% in 24134 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Pearisburg's stable or hybrid ZIPs before stepping into 24134. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pearisburg:
Property Strategy for 24134
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,404 | $1,030 | 5.7% | +7.0% | $65,202 |
| 3BR | $212,178 | $1,230 | 4.2% | +7.3% | $70,726 |
| 4BR | $274,328 | $1,730 | 4.5% | +7.7% | $68,582 |
Market Trends
Home Value History (with trend line)
📊 How Does 24134 Compare?
| Metric | 24134 | Pearisburg | Blacksburg-Christiansburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $226,007 | $226,007 | N/A | $403,170 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.4% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 24134 (Pearisburg, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,007 |
| Monthly Rent | $927 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.2%). 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 24134
Population: 5,296
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 24134
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does Pearisburg, VA make sense for an investment property?
With a 3.0/5 investability score, Pearisburg, VA ranks as a solid market for rental property investors. Median prices of $226K and rents of $927/mo drive the underlying numbers.
Is the tenant base reliable in Pearisburg, VA?
Tenant demand in Pearisburg, VA is solid. The local workforce $927/mo rents across most rental classes.
What is the average monthly rent in Pearisburg, VA?
Expect rents around $927/mo per month in Pearisburg, VA. With home values at $226K, the yield math works out to reasonable levels for rental investors.
How do home values compare in Pearisburg, VA?
In Pearisburg, VA the median home value sits at $226K. Against the broader VA market, that reads as reasonable for most investors.
Is vacancy a concern in Pearisburg, VA?
Expect elevated vacancy in Pearisburg, VA. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
You know 24134 now. You don’t know where it ranks.
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How 24134 ranks in Blacksburg-Christiansburg, VA
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