Real Estate Investing in Coeburn, Virginia (24245)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24245 (Coeburn, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 34.2% of homes vacant — above national norms.
- 1-year downturn: Values declined 5.6% in the last year.
- Lower household income: $34,926 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Coeburn, VA (24245)?
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Market Analysis: 24245 Coeburn
ZIP 24245 in Coeburn, VA carries a notable set of headwinds. Home values near $114K and rents of $846/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 24245 can be a a solid fit for hunting ground — but the discount at $114K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Coeburn have seen price recovery that 24245 has not matched. Scott County data supports the view that the spread is structural rather than temporary.
Employment concentration in 24245 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward 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 Coeburn:
Market Trends
Home Value History (with trend line)
📊 How Does 24245 Compare?
| Metric | 24245 | Coeburn | Virginia |
|---|---|---|---|
| Home Value | $113,711 | $117,842 | $403,170 |
| 5-Year CAGR | 3.9% | 5.2% | 6.4% |
| Avg Rent | $846 | $878 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24245 (Coeburn, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $113,711 |
| Monthly Rent | $846 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | -5.6% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 24245
Population: 873
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 24245
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
Investor Insight: With 866 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Coeburn, VA?
The 3.0/5 investability rating in Coeburn, VA reflects its $114K prices and $846/mo rents. Investors generally consider it a solid option within VA.
How do home values compare in Coeburn, VA?
The median home value in Coeburn, VA is roughly $114K. That puts it reasonable relative to the VA statewide average.
What monthly rent should investors expect in Coeburn, VA?
Rents in Coeburn, VA run near $846/mo. Compared with median home prices of $114K that produces solid gross yields for typical rentals.
Is VA a landlord-friendly state?
VA ranks as a landlord-friendly state for landlord-tenant law. Coeburn generally follows the statewide framework, so landlords face reasonable operating rules.
How high is vacancy risk in Coeburn, VA?
Coeburn, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
You know 24245 now. You don’t know where it ranks.
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