Real Estate Investing in Bedford, Virginia (24523)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24523 (Bedford, 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: 12.4% of homes vacant — above national norms.
What’s happening in Bedford, VA (24523)?
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Market Analysis: 24523 Bedford
ZIP 24523 inside Bedford County looks affordable on the surface — median value of $287K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 24523 is solid only for operators who understand what they are buying. A $287K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 24523 and stronger Bedford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 24523 includes headwinds that any investor should price in. Income distribution skews lower than Bedford averages, and tenant stability requires active management.
looks to 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 Bedford:
Property Strategy for 24523
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,222 | $1,150 | 4.0% | +7.2% | $104,611 |
| 3BR | $270,800 | $1,580 | 4.2% | +7.7% | $90,267 |
| 4BR | $344,045 | $1,700 | 3.6% | +7.2% | $86,011 |
| 5BR | $404,220 | — | — | +7.8% | $80,844 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24523 Compare?
| Metric | 24523 | Bedford | Lynchburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $286,842 | $286,842 | N/A | $403,170 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24523 (Bedford, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,842 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.8%). 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 24523
Population: 21,447
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 24523
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.
Frequently Asked Questions
What kind of vacancy should I budget for in Bedford, VA?
Vacancy risk in Bedford, VA is elevated. That supports measured cash flow for typical rental holds.
What are rental rates like in Bedford, VA?
Expect rents around $1,035/mo per month in Bedford, VA. With home values at $287K, the yield math works out to reasonable levels for rental investors.
Where do home prices stand in Bedford, VA?
In Bedford, VA the median home value sits at $287K. Against the broader VA market, that reads as reasonable for most investors.
What is the typical renter like in Bedford, VA?
Expect a solid tenant pool in Bedford, VA. The rental market absorbs $1,035/mo rents without meaningful friction.
How does Bedford, VA stack up for property investment?
Bedford, VA rates 3.0/5 for investability. With median values at $287K and rents near $1,035/mo, the market offers reasonable fundamentals for rental investors.
You know 24523 now. You don’t know where it ranks.
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How 24523 ranks in Lynchburg, VA
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