Real Estate Investing in Bristol, Virginia (24202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24202 (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: 16.0% 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 Bristol, VA (24202)?
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Market Analysis: 24202 Bristol
ZIP 24202 in Bristol, VA carries a sturdy set of headwinds. Home values near $253K and rents of $954/mo sit inside a market where underwriting has to be tight.
Rent of $954/mo on a $253K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24202 sits below the stated 0.0% once reality is priced in.
The gap between 24202 and stronger Bristol ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 24202 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. durable returns are possible in 24202, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bristol:
Property Strategy for 24202
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,341 | $1,060 | 4.5% | +9.9% | $84,171 |
| 3BR | $249,658 | $1,360 | 3.9% | +9.5% | $83,219 |
| 4BR | $373,404 | $1,490 | 2.9% | +8.5% | $93,351 |
| 5BR | $592,700 | — | — | +8.5% | $118,540 |
Market Trends
Home Value History (with trend line)
📊 How Does 24202 Compare?
| Metric | 24202 | Bristol | Virginia |
|---|---|---|---|
| Home Value | $253,239 | $214,724 | $403,170 |
| 5-Year CAGR | 7.5% | 7.1% | 6.4% |
| Avg Rent | $954 | $1,049 | - |
| Cap Rate | 2.9% | 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 24202 (Bristol, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,239 |
| Monthly Rent | $954 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 (2.9%). 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 24202
Population: 12,324
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 24202
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
What kind of market is Bristol, VA for investors?
With a 3.0/5 investability score, Bristol, VA ranks as a solid market for rental property investors. Median prices of $253K and rents of $954/mo drive the underlying numbers.
What is the average monthly rent in Bristol, VA?
Rental rates in Bristol, VA average $954/mo. Tenant demand and $253K home values make the yield look reasonable by investor standards.
What price range are homes in Bristol, VA?
Typical homes in Bristol, VA go for around $253K. The 5-year CAGR of 0.0% even-keeled price movement.
How quickly do rentals get leased in Bristol, VA?
Occupancy in Bristol, VA runs stable with elevated vacancy. Well-priced units at $954/mo lease on reasonable timelines.
Are eviction rules reasonable in Bristol, VA?
The landlord environment in Bristol, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 24202 now. You don’t know where it ranks.
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How 24202 ranks in Kingsport-Bristol, TN-VA
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