Real Estate Investing in Fort Blackmore, Virginia (24250)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24250 (Fort Blackmore, 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: 30.5% of homes vacant — above national norms.
- Elevated poverty: 25.4% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fort Blackmore, VA (24250)?
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Market Analysis: 24250 Fort Blackmore
Investors eyeing 24250 need to respect the fundamentals at play. Home values of $153K come alongside slower price movement and elevated management overhead.
Rent of $846/mo on a $153K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24250 sits below the stated 0.0% once reality is priced in.
Within VA, ZIP 24250 trails on several market indicators that neighboring Scott County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 24250 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Fort Blackmore's stable or hybrid ZIPs before stepping into 24250. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Fort Blackmore:
Market Trends
Home Value History (with trend line)
📊 How Does 24250 Compare?
| Metric | 24250 | Fort Blackmore | Virginia |
|---|---|---|---|
| Home Value | $153,460 | $153,460 | $403,170 |
| 5-Year CAGR | 5.5% | 5.5% | 6.4% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.3% | 4.3% | - |
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 24250 (Fort Blackmore, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,460 |
| Monthly Rent | $846 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.3%). 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 24250
Population: 1,167
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 24250
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
Should investors worry about vacancy in Fort Blackmore, VA?
Vacancy in Fort Blackmore, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
How does Fort Blackmore, VA rate as a rental market?
Fort Blackmore, VA scores 3.0/5 for investability. Home values sit at $153K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do experienced investors play Fort Blackmore, VA?
The best-fit strategy in Fort Blackmore, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Fort Blackmore, VA a friendly market for rental owners?
For rental operators, Fort Blackmore, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much should I expect to pay for a home in Fort Blackmore, VA?
Typical homes in Fort Blackmore, VA go for around $153K. The 5-year CAGR of 0.0% consistent price movement.
You know 24250 now. You don’t know where it ranks.
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