Real Estate Investing in Pound, Virginia (24279)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24279 (Pound, 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: 14.9% 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 Pound, VA (24279)?
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Market Analysis: 24279 Pound
Investors eyeing 24279 need to respect the fundamentals at play. Home values of $127K come alongside slower price movement and elevated management overhead.
For an experienced owner, 24279 can be a a solid fit for hunting ground — but the discount at $127K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 24279 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 24279 ZIP's population of 4,679 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
New investors are better served looking at Pound's stable or hybrid ZIPs before stepping into 24279. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pound:
Property Strategy for 24279
Which property type performs best in this market?
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| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $78,032 | $910 | 8.4% | — | $39,016 |
| 3BR | $133,229 | $1,220 | 6.6% | +9.0% | $44,410 |
Market Trends
Home Value History (with trend line)
📊 How Does 24279 Compare?
| Metric | 24279 | Pound | Big Stone Gap, VA | Virginia |
|---|---|---|---|---|
| Home Value | $127,240 | $127,240 | N/A | $403,170 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.4% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24279 (Pound, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,240 |
| Monthly Rent | $819 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (5.0%). 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 24279
Population: 4,679
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 24279
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
How much do tenants pay in Pound, VA?
Rental rates in Pound, VA average $819/mo. Tenant demand and $127K home values make the yield look reasonable by investor standards.
What approach is best for Pound, VA real estate?
Most investors in Pound, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Should investors consider Pound, VA?
Investors tracking Pound, VA will find a 3.0/5 rating supported by $127K median home values and $819/mo rents. That profile suits long-term holders targeting measured returns.
Is it easy to find good tenants in Pound, VA?
Working renters make up the core of the Pound, VA tenant base. The pool is reasonable for investors targeting long-term holds.
Does Pound, VA favor landlords or tenants?
VA ranks as a landlord-friendly state for landlord-tenant law. Pound generally follows the statewide framework, so landlords face reasonable operating rules.
You know 24279 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24279 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 24279 ranks in Big Stone Gap, VA
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