Real Estate Investing in Coeburn, Virginia (24230)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24230 (Coeburn, 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.
- High vacancy: 27.9% 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 Coeburn, VA (24230)?
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Market Analysis: 24230 Coeburn
Looking more closely, ZIP 24230 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $122K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 24230 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 24230 and stronger Coeburn ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 24230 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.
Experienced landlords with local relationships tend to find 24230 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 Coeburn:
Property Strategy for 24230
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $70,671 | $1,010 | 10.3% | +6.5% | $35,335 |
| 3BR | $125,411 | $1,310 | 7.5% | +7.8% | $41,804 |
| 4BR | $166,111 | $1,560 | 6.8% | +7.2% | $41,528 |
Market Trends
Home Value History (with trend line)
📊 How Does 24230 Compare?
| Metric | 24230 | Coeburn | Big Stone Gap, VA | Virginia |
|---|---|---|---|---|
| Home Value | $121,973 | $117,842 | N/A | $403,170 |
| 5-Year CAGR | 6.5% | 5.2% | N/A | 6.4% |
| Avg Rent | $909 | $878 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
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 24230 (Coeburn, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,973 |
| Monthly Rent | $909 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (5.8%). 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 24230
Population: 7,057
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 24230
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 Coeburn, VA suited for a house hack?
Coeburn, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $909/mo rent level.
What is the rental occupancy rate in Coeburn, VA?
Vacancy risk in Coeburn, VA is elevated. That supports predictable cash flow for typical rental holds.
Are homes affordable in Coeburn, VA?
Homes in Coeburn, VA typically sell near $122K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Are rents high in Coeburn, VA?
Investors in Coeburn, VA typically see rents near $909/mo per month against $122K home values - a solid setup for rental cash flow.
Does Coeburn, VA favor landlords or tenants?
VA law landlord-friendly for landlords, and Coeburn inherits those rules. Investors should still review local ordinances for rental licensing.
You know 24230 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24230 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 24230 ranks in Big Stone Gap, VA
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Community Ratings
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