Real Estate Investing in Lebanon, Virginia (24266)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24266 (Lebanon, 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: 13.9% 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 Lebanon, VA (24266)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24266 Lebanon
ZIP 24266 inside Russell County looks affordable on the surface — median value of $198K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24266 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Lebanon have seen price recovery that 24266 has not matched. Russell County data supports the view that the spread is structural rather than temporary.
Resident income in 24266 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
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 Lebanon:
Property Strategy for 24266
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,039 | $910 | 5.6% | +6.1% | $58,019 |
| 3BR | $199,688 | $1,170 | 4.2% | +6.9% | $66,563 |
| 4BR | $263,712 | $1,390 | 3.8% | +7.4% | $65,928 |
Market Trends
Home Value History (with trend line)
📊 How Does 24266 Compare?
| Metric | 24266 | Lebanon | Virginia |
|---|---|---|---|
| Home Value | $197,814 | $197,814 | $403,170 |
| 5-Year CAGR | 5.5% | 5.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 24266 (Lebanon, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,814 |
| Monthly Rent | $819 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.2%). 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 24266
Population: 8,688
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 24266
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
What is the average home sale price in Lebanon, VA?
Typical homes in Lebanon, VA go for around $198K. The 5-year CAGR of 0.0% steady price movement.
Is the tenant base reliable in Lebanon, VA?
Tenant demand in Lebanon, VA is solid. The local workforce $819/mo rents across most rental classes.
What monthly rent should investors expect in Lebanon, VA?
Average rent in Lebanon, VA is approximately $819/mo per month. Against $198K home values that yields a reasonable rent-to-price ratio.
What strategy should investors use in Lebanon, VA?
A careful cash-flow rentals with hands-on management strategy Lebanon, VA best. The market produces predictable results for that approach at the $198K price point.
What is the typical vacancy rate in Lebanon, VA?
Lebanon, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 24266 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24266 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.
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