Real Estate Investing in Abingdon, Virginia (24210)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24210 (Abingdon, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
What’s happening in Abingdon, VA (24210)?
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Market Analysis: 24210 Abingdon
Not every below-median market is a bargain. Abingdon's 24210 ZIP shows signals that favor experienced operators who can absorb the risk $261K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24210 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 24210 and stronger Abingdon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 24210 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.
The 24210 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Abingdon:
Property Strategy for 24210
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $146,552 | $810 | 4.0% | +7.0% | $146,552 |
| 2BR | $185,595 | $1,030 | 4.0% | +9.4% | $92,797 |
| 3BR | $262,612 | $1,320 | 3.6% | +9.3% | $87,537 |
| 4BR | $364,842 | $1,440 | 2.8% | +8.8% | $91,210 |
| 5BR | $471,227 | — | — | +8.3% | $94,245 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24210 Compare?
| Metric | 24210 | Abingdon | Virginia |
|---|---|---|---|
| Home Value | $260,559 | $302,836 | $403,170 |
| 5-Year CAGR | 7.6% | 7.7% | 6.4% |
| Avg Rent | $1,488 | $1,275 | - |
| Cap Rate | 4.5% | 3.4% | - |
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 24210 (Abingdon, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,559 |
| Monthly Rent | $1,488 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.5%). 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 24210
Population: 17,092
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 24210
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 is the average monthly rent in Abingdon, VA?
Average rent in Abingdon, VA is approximately $1,488/mo per month. Against $261K home values that yields a reasonable rent-to-price ratio.
What is the tenant pool like in Abingdon, VA?
Abingdon, VA offers a reliable renter base at the $1,488/mo rent level. Tenant turnover is reasonable for well-managed properties.
Do rentals sit vacant long in Abingdon, VA?
Vacancy in Abingdon, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,488/mo.
How landlord-friendly is Abingdon, VA?
Abingdon, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What investment strategy works best in Abingdon, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Abingdon, VA. The numbers - $261K homes against $1,488/mo rents - support that play.
You know 24210 now. You don’t know where it ranks.
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