Real Estate Investing in Pembroke, Virginia (24150)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24150 (Pembroke, 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: 33.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pembroke, VA (24150)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24150 Pembroke
In practical terms, ZIP 24150 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $186K median. It rewards specialists, not generalists.
For an experienced owner, 24150 can be a a strong candidate for hunting ground — but the discount at $186K reflects genuine risk that outside investors often underestimate.
In the broader VA picture, 24150 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A significant renter share of 14% in 24150 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears 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 Pembroke:
Property Strategy for 24150
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,575 | $940 | 5.6% | +5.3% | $60,288 |
| 3BR | $183,447 | $1,160 | 4.6% | +5.5% | $61,149 |
Market Trends
Home Value History (with trend line)
📊 How Does 24150 Compare?
| Metric | 24150 | Pembroke | Blacksburg-Christiansburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $185,505 | $209,612 | N/A | $403,170 |
| 5-Year CAGR | 6.6% | 6.0% | N/A | 6.4% |
| Avg Rent | $846 | $837 | N/A | - |
| Cap Rate | 3.6% | 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 24150 (Pembroke, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 24150 (Pembroke, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $185,505 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +14.9% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 (3.6%). 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 24150
Population: 823
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
Frequently Asked Questions
What real estate strategy is ideal for Pembroke, VA?
Pembroke, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($186K prices, $846/mo rents) make it a reasonable choice.
What is the renter demographic in Pembroke, VA?
Pembroke, VA offers a consistent renter base at the $846/mo rent level. Tenant turnover is reasonable for well-managed properties.
How quickly do rentals get leased in Pembroke, VA?
Vacancy risk in Pembroke, VA is elevated. That supports predictable cash flow for typical rental holds.
Can I house hack in Pembroke, VA?
Pembroke, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
Should investors consider Pembroke, VA?
With a 3.0/5 investability score, Pembroke, VA ranks as a solid market for rental property investors. Median prices of $186K and rents of $846/mo drive the underlying numbers.
You know 24150 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24150 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 24150 ranks in Blacksburg-Christiansburg, VA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 24150 (Pembroke)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 24150 (Pembroke, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.