Real Estate Investing in Blairs, Virginia (24527)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24527 (Blairs, 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: 13.5% 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 Blairs, VA (24527)?
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Market Analysis: 24527 Blairs
ZIP 24527 in Blairs, VA carries a substantial set of headwinds. Home values near $203K and rents of $945/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $203K asset, 24527 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 24527 and stronger Blairs ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 24527 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 24527 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Blairs:
Property Strategy for 24527
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,491 | $1,050 | 5.8% | +7.4% | $65,245 |
| 3BR | $213,290 | $1,450 | 4.9% | +6.9% | $71,097 |
Market Trends
Home Value History (with trend line)
📊 How Does 24527 Compare?
| Metric | 24527 | Blairs | Danville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $203,384 | $203,384 | N/A | $403,170 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.4% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 24527 (Blairs, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,384 |
| Monthly Rent | $945 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 24527
Population: 3,190
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 24527
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
Investor Insight: With 622 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Blairs, VA a good market for buy-and-hold investors?
Our data puts Blairs, VA at 3.0/5 for investability. Home prices of $203K and rents around $945/mo create a solid backdrop for investor activity.
What kind of vacancy should I budget for in Blairs, VA?
Occupancy in Blairs, VA runs even-keeled with elevated vacancy. Well-priced units at $945/mo lease on reasonable timelines.
What is the tenant pool like in Blairs, VA?
Expect a solid tenant pool in Blairs, VA. The rental market absorbs $945/mo rents without meaningful friction.
How viable is house hacking in Blairs, VA?
House hacking in Blairs, VA is a challenging. With home values around $203K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.
What is the typical rental rate in Blairs, VA?
The typical rental in Blairs, VA commands about $945/mo monthly. That rent profile steady cash flow against the $203K purchase basis.
You know 24527 now. You don’t know where it ranks.
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How 24527 ranks in Danville, VA
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