Real Estate Investing in Bristol, Virginia (24201)
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Should you buy in 24201 (Bristol, 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: 16.4% of homes vacant — above national norms.
What’s happening in Bristol, VA (24201)?
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Market Analysis: 24201 Bristol
The 24201 ZIP in Bristol, VA is a local-operator market. Outside capital chasing a $178K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $178K purchase price, 0.0% nominal cap — the work to hit that pro forma in 24201 is substantial and deserves full respect.
Regionally, 24201 sits on the difficult end of the VA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 39% in 24201 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 24201 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bristol:
Property Strategy for 24201
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $131,600 | $1,080 | 5.9% | +12.5% | $65,800 |
| 3BR | $206,362 | $1,380 | 4.8% | +9.9% | $68,787 |
| 4BR | $252,663 | $1,510 | 4.3% | +9.4% | $63,166 |
| 5BR | $313,380 | — | — | +8.2% | $62,676 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24201 Compare?
| Metric | 24201 | Bristol | Virginia |
|---|---|---|---|
| Home Value | $177,770 | $214,724 | $403,170 |
| 5-Year CAGR | 6.6% | 7.1% | 6.4% |
| Avg Rent | $1,294 | $1,049 | - |
| Cap Rate | 5.7% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24201 (Bristol, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $177,770 |
| Monthly Rent | $1,294 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (5.7%). 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 24201
Population: 16,039
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 24201
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
Is Bristol, VA a smart market for rental property?
With a 3.0/5 investability score, Bristol, VA ranks as a solid market for rental property investors. Median prices of $178K and rents of $1,294/mo drive the underlying numbers.
How do home values compare in Bristol, VA?
Homes in Bristol, VA typically sell near $178K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How quickly do rentals get leased in Bristol, VA?
Bristol, VA carries elevated vacancy risk. Expect predictable absorption at market rents of $1,294/mo.
Is VA a landlord-friendly state?
Landlord-friendliness in Bristol, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What type of investing works in Bristol, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Bristol, VA. With home values at $178K and rents near $1,294/mo, other strategies can work but produce steady rather than outsized returns.
You know 24201 now. You don’t know where it ranks.
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