Real Estate Investing in Bastian, Virginia (24366)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24366 (Bastian, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.7% of homes vacant — above national norms.
- Lower household income: $38,173 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bastian, VA (24366)?
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Market Analysis: 24366 Bastian
ZIP 24366 in Bastian, VA carries a significant set of headwinds. Home values near $194K and rents of $855/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 24366 can be a a strong candidate for hunting ground — but the discount at $194K reflects genuine risk that outside investors often underestimate.
Regionally, 24366 sits on the difficult end of the VA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 24366 includes headwinds that any investor should price in. Income distribution skews lower than Bastian averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 24366, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bastian:
Market Trends
Home Value History (with trend line)
📊 How Does 24366 Compare?
| Metric | 24366 | Bastian | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $193,740 | $188,773 | N/A | $403,170 |
| 5-Year CAGR | 4.7% | 4.9% | N/A | 6.4% |
| Avg Rent | $855 | $846 | N/A | - |
| Cap Rate | 3.4% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24366 (Bastian, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $193,740 |
| Monthly Rent | $855 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 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 (3.4%). 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 24366
Population: 333
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 24366
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 monthly rent should investors expect in Bastian, VA?
Rental rates in Bastian, VA average $855/mo. Tenant demand and $194K home values make the yield look reasonable by investor standards.
What kind of tenants rent in Bastian, VA?
Tenant quality in Bastian, VA ranks as solid. Landlords generally report reliable occupancy at market rents of $855/mo.
What is the investability score for Bastian, VA?
Yes - Bastian, VA a 3.0/5 investability score. With $194K home prices against $855/mo monthly rent, the market delivers a reasonable entry point for new investors.
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 $194K price point.
Do landlords face vacancy issues in Bastian, VA?
Expect elevated vacancy in Bastian, VA. Rents at $855/mo are absorbed by the tenant base without meaningful lag.
You know 24366 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24366 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 24366 ranks in Bluefield, WV-VA
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