Real Estate Investing in Brookneal, Virginia (24528)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24528 (Brookneal, 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: 17.1% 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 Brookneal, VA (24528)?
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Market Analysis: 24528 Brookneal
ZIP 24528 inside Campbell County looks affordable on the surface — median value of $171K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 24528 can be a a strong candidate for hunting ground — but the discount at $171K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 24528 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 3,793 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
tilts toward 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 Brookneal:
Market Trends
Home Value History (with trend line)
📊 How Does 24528 Compare?
| Metric | 24528 | Brookneal | Lynchburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $170,888 | $170,888 | N/A | $403,170 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24528 (Brookneal, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,888 |
| Monthly Rent | $972 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +12.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.4%). 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 24528
Population: 3,793
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 24528
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
Is Brookneal, VA a smart market for rental property?
The 3.0/5 investability rating in Brookneal, VA reflects its $171K prices and $972/mo rents. Investors generally consider it a solid option within VA.
What is the average monthly rent in Brookneal, VA?
Expect rents around $972/mo per month in Brookneal, VA. With home values at $171K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Brookneal, VA?
The tenant pool in Brookneal, VA is solid, supported by local employment and population fundamentals. Rents of $972/mo are well-absorbed by the market.
What approach is best for Brookneal, VA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Brookneal, VA. The numbers - $171K homes against $972/mo rents - support that play.
Is Brookneal, VA good for house hacking?
The house hack math a challenging in Brookneal, VA. Owner-occupant buyers benefit from the $972/mo rents and $171K home values.
You know 24528 now. You don’t know where it ranks.
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How 24528 ranks in Lynchburg, VA
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