Real Estate Investing in Scottsburg, Virginia (24589)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24589 (Scottsburg, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Scottsburg, VA (24589)?
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Market Analysis: 24589 Scottsburg
In practical terms, ZIP 24589 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $138K median. It rewards specialists, not generalists.
For an experienced owner, 24589 can be a a viable market for hunting ground — but the discount at $138K reflects genuine risk that outside investors often underestimate.
Within VA, ZIP 24589 trails on several market indicators that neighboring Halifax County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Demographically, 24589 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 24589 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 Scottsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 24589 Compare?
| Metric | 24589 | Scottsburg | Virginia |
|---|---|---|---|
| Home Value | $138,027 | $138,027 | $403,170 |
| 5-Year CAGR | 5.3% | 5.3% | 6.4% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 5.2% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24589 (Scottsburg, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,027 |
| Monthly Rent | $927 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 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 (5.2%). 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 24589
Population: 1,859
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 24589
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 are home prices like in Scottsburg, VA?
Median home price in Scottsburg, VA is near $138K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is Scottsburg, VA a good market for FHA house hackers?
Scottsburg, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $138K price point reasonable to enter.
What kind of tenants rent in Scottsburg, VA?
Tenant quality in Scottsburg, VA ranks as solid. Landlords generally report reliable occupancy at market rents of $927/mo.
What kind of market is Scottsburg, VA for investors?
Investors tracking Scottsburg, VA will find a 3.0/5 rating supported by $138K median home values and $927/mo rents. That profile suits long-term holders targeting steady returns.
Is Scottsburg, VA landlord-friendly?
VA ranks as a landlord-friendly state for landlord-tenant law. Scottsburg generally follows the statewide framework, so landlords face reasonable operating rules.
You know 24589 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24589 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.
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