Real Estate Investing in Bastian, Virginia (24314)
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Should you buy in 24314 (Bastian, 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: 33.9% 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 Bastian, VA (24314)?
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Market Analysis: 24314 Bastian
Investors eyeing 24314 need to respect the fundamentals at play. Home values of $184K come alongside slower price movement and elevated management overhead.
The 24314 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Bastian have seen price recovery that 24314 has not matched. Bland County data supports the view that the spread is structural rather than temporary.
Resident income in 24314 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 24314 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bastian:
Property Strategy for 24314
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,308 | $930 | 5.4% | +6.3% | $62,154 |
| 3BR | $177,332 | $1,210 | 4.9% | +4.7% | $59,111 |
Market Trends
Home Value History (with trend line)
📊 How Does 24314 Compare?
| Metric | 24314 | Bastian | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $183,807 | $188,773 | N/A | $403,170 |
| 5-Year CAGR | 5.0% | 4.9% | N/A | 6.4% |
| Avg Rent | $837 | $846 | N/A | - |
| Cap Rate | 3.6% | 3.5% | - | - |
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 24314 (Bastian, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,807 |
| Monthly Rent | $837 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.6%). 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 24314
Population: 1,353
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are rental rates like in Bastian, VA?
Average rent in Bastian, VA is approximately $837/mo per month. Against $184K home values that yields a reasonable rent-to-price ratio.
What type of investing works in Bastian, VA?
A careful cash-flow rentals with hands-on management strategy Bastian, VA best. The market produces measured results for that approach at the $184K price point.
How does Bastian, VA stack up for property investment?
Bastian, VA registers an investability rating of 3.0/5, with median home values near $184K and average rents around $837/mo. That combination puts it in the solid tier for investor interest.
What is the rental occupancy rate in Bastian, VA?
Occupancy in Bastian, VA runs predictable with elevated vacancy. Well-priced units at $837/mo lease on reasonable timelines.
What is the typical renter like in Bastian, VA?
Tenant quality in Bastian, VA ranks as solid. Landlords generally report even-keeled occupancy at market rents of $837/mo.
You know 24314 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24314 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 24314 ranks in Bluefield, WV-VA
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