Real Estate Investing in Bristol, Virginia (24258)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24258 (Bristol, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.1% 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 Bristol, VA (24258)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24258 Bristol
The 24258 ZIP in Bristol, VA is a local-operator market. Outside capital chasing a $213K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 24258 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 24258's metrics run below Scott County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 24258 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 24258 is an operator game, not a passive one. Turning to rents, entry prices of $213K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bristol:
Property Strategy for 24258
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $158,756 | $1,000 | 4.5% | +9.9% | $79,378 |
| 3BR | $230,373 | $1,290 | 4.0% | +9.0% | $76,791 |
Market Trends
Home Value History (with trend line)
📊 How Does 24258 Compare?
| Metric | 24258 | Bristol | Virginia |
|---|---|---|---|
| Home Value | $213,162 | $214,724 | $403,170 |
| 5-Year CAGR | 7.3% | 7.1% | 6.4% |
| Avg Rent | $900 | $1,049 | - |
| Cap Rate | 3.3% | 4.0% | - |
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 24258 (Bristol, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,162 |
| Monthly Rent | $900 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.3%). 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 24258
Population: 1,237
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 24258
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 1,844 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Bristol, VA?
Rental rates in Bristol, VA average $900/mo. Tenant demand and $213K home values make the yield look reasonable by investor standards.
How deep is the rental pool in Bristol, VA?
The tenant pool in Bristol, VA is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.
How landlord-friendly is Bristol, VA?
Landlord-friendliness in Bristol, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the smart move for investors in Bristol, VA?
In Bristol, VA the robust play is typically careful cash-flow rentals with hands-on management. The combination of $213K prices and $900/mo rents suits that approach.
How much should I expect to pay for a home in Bristol, VA?
Expect median prices around $213K in Bristol, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 24258 now. You don’t know where it ranks.
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How 24258 ranks in Kingsport-Bristol, TN-VA
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