Real Estate Investing in Big Island, Virginia (24526)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24526 (Big Island, VA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 12.0% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Big Island, VA (24526)?
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Market Analysis: 24526 Big Island
ZIP 24526 inside Bedford County looks affordable on the surface — median value of $202K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $202K asset, 24526 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 24526 sits on the difficult end of the VA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 24526 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 24526 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Big Island:
Property Strategy for 24526
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,708 | $1,110 | 4.6% | +5.8% | $86,354 |
| 3BR | $232,410 | $1,530 | 4.7% | +6.3% | $77,470 |
Market Trends
Home Value History (with trend line)
📊 How Does 24526 Compare?
| Metric | 24526 | Big Island | Lynchburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $202,348 | $202,348 | N/A | $403,170 |
| 5-Year CAGR | 0.9% | 0.9% | N/A | 6.4% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24526 (Big Island, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,348 |
| Monthly Rent | $999 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +1.7% ▲ |
🏠 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 (3.9%). 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 24526
Population: 1,374
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 24526
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 quickly do rentals get leased in Big Island, VA?
Vacancy risk in Big Island, VA is elevated. That supports even-keeled cash flow for typical rental holds.
Are tenants stable in Big Island, VA?
Big Island, VA draws a steady base of working renters. Demand at the $999/mo rent level is reasonable for standard single-family and small multi rentals.
How does Big Island, VA stack up for property investment?
Yes - Big Island, VA a 2.0/5 investability score. With $202K home prices against $999/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I house hack in Big Island, VA?
Big Island, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $202K price point reasonable to enter.
What strategy should investors use in Big Island, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Big Island, VA. With home values at $202K and rents near $999/mo, other strategies can work but produce even-keeled rather than outsized returns.
You know 24526 now. You don’t know where it ranks.
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How 24526 ranks in Lynchburg, VA
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