Real Estate Investing in Clintwood, Virginia (24228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24228 (Clintwood, 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: 24.7% of homes vacant — above national norms.
- Elevated poverty: 25.4% poverty rate — can affect rent collection.
- Lower household income: $39,367 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clintwood, VA (24228)?
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Market Analysis: 24228 Clintwood
ZIP 24228 inside Dickenson County looks affordable on the surface — median value of $127K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 24228 is significant only for operators who understand what they are buying. A $127K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within VA, ZIP 24228 trails on several market indicators that neighboring Dickenson County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A resilient renter share of 25% in 24228 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans 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 Clintwood:
Property Strategy for 24228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $71,875 | $910 | 9.1% | +5.7% | $35,937 |
| 3BR | $117,291 | $1,100 | 6.8% | +5.5% | $39,097 |
| 4BR | $176,544 | $1,360 | 5.5% | +5.1% | $44,136 |
Market Trends
Home Value History (with trend line)
📊 How Does 24228 Compare?
| Metric | 24228 | Clintwood | Virginia |
|---|---|---|---|
| Home Value | $126,617 | $126,617 | $403,170 |
| 5-Year CAGR | 6.5% | 6.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 5.1% | 5.1% | - |
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 24228 (Clintwood, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $126,617 |
| Monthly Rent | $819 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +20.7% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (5.1%). 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 24228
Population: 6,336
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 24228
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.
Frequently Asked Questions
How much should I expect to pay for a home in Clintwood, VA?
Median home price in Clintwood, VA is near $127K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is the tenant base reliable in Clintwood, VA?
Working renters make up the core of the Clintwood, VA tenant base. The pool is reasonable for investors targeting long-term holds.
Does house hacking make sense in Clintwood, VA?
House hacking in Clintwood, VA is a challenging. With home values around $127K and rents at $819/mo, owner-occupants can offset a meaningful share of PITI.
What is it like being a landlord in Clintwood, VA?
Clintwood, VA operates under VA law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How much rent can I charge in Clintwood, VA?
The typical rental in Clintwood, VA commands about $819/mo monthly. That rent profile predictable cash flow against the $127K purchase basis.
You know 24228 now. You don’t know where it ranks.
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