Real Estate Investing in Abingdon, Virginia (24211)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24211 (Abingdon, 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: 11.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 27.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Abingdon, VA (24211)?
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Market Analysis: 24211 Abingdon
ZIP 24211 inside Washington County looks affordable on the surface — median value of $345K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 24211 can be a a strong candidate for hunting ground — but the discount at $345K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Abingdon have seen price recovery that 24211 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 15% in 24211 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 24211 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Abingdon:
Property Strategy for 24211
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,714 | $1,180 | 3.5% | +9.8% | $121,857 |
| 3BR | $323,172 | $1,510 | 3.4% | +9.5% | $107,724 |
| 4BR | $456,486 | $1,660 | 2.6% | +8.8% | $114,122 |
| 5BR | $604,511 | — | — | +8.5% | $120,902 |
Market Trends
Home Value History (with trend line)
📊 How Does 24211 Compare?
| Metric | 24211 | Abingdon | Virginia |
|---|---|---|---|
| Home Value | $345,112 | $302,836 | $403,170 |
| 5-Year CAGR | 7.7% | 7.7% | 6.4% |
| Avg Rent | $1,062 | $1,275 | - |
| Cap Rate | 2.4% | 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 24211 (Abingdon, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $345,112 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 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 (2.4%). 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 24211
Population: 10,341
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 24211
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 Abingdon, VA a smart market for rental property?
The 3.0/5 investability rating in Abingdon, VA reflects its $345K prices and $1,062/mo rents. Investors generally consider it a solid option within VA.
How much should I expect to pay for a home in Abingdon, VA?
Typical homes in Abingdon, VA go for around $345K. The 5-year CAGR of 0.0% even-keeled price movement.
What is the smart move for investors in Abingdon, VA?
In Abingdon, VA the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $345K prices and $1,062/mo rents suits that approach.
What kind of vacancy should I budget for in Abingdon, VA?
Abingdon, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do landlord-tenant laws work in Abingdon, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Abingdon generally follows the statewide framework, so landlords face reasonable operating rules.
You know 24211 now. You don’t know where it ranks.
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