Real Estate Investing in Thaxton, Virginia (24174)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24174 (Thaxton, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Thaxton, VA (24174)?
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Market Analysis: 24174 Thaxton
ZIP 24174 inside Bedford County looks affordable on the surface — median value of $224K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $224K asset, 24174 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 24174's metrics run below Bedford County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 24174 ZIP's population of 2,335 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
looks 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 Thaxton:
Property Strategy for 24174
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,228 | $1,080 | 4.6% | +8.3% | $84,114 |
| 3BR | $231,176 | $1,490 | 4.6% | +7.5% | $77,059 |
Market Trends
Home Value History (with trend line)
📊 How Does 24174 Compare?
| Metric | 24174 | Thaxton | Lynchburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $224,186 | $224,186 | N/A | $403,170 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24174 (Thaxton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,186 |
| Monthly Rent | $972 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 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 (3.4%). 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 24174
Population: 2,335
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
How strong are rents in Thaxton, VA?
Investors in Thaxton, VA typically see rents near $972/mo per month against $224K home values - a solid setup for rental cash flow.
Are tenants stable in Thaxton, VA?
Thaxton, VA draws a reliable base of working renters. Demand at the $972/mo rent level is reasonable for standard single-family and small multi rentals.
Does Thaxton, VA make sense for an investment property?
With a 3.0/5 investability score, Thaxton, VA ranks as a solid market for rental property investors. Median prices of $224K and rents of $972/mo drive the underlying numbers.
What is the typical vacancy rate in Thaxton, VA?
Thaxton, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Thaxton, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Thaxton, VA. With home values at $224K and rents near $972/mo, other strategies can work but produce predictable rather than outsized returns.
You know 24174 now. You don’t know where it ranks.
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How 24174 ranks in Lynchburg, VA
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