Real Estate Investing in Bluefield, Virginia (24605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24605 (Bluefield, 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.
- High vacancy: 13.6% 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 Bluefield, VA (24605)?
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Market Analysis: 24605 Bluefield
The 24605 ZIP covers a section of Bluefield that demands careful diligence. Prices near $148K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24605 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 24605 sits on the difficult end of the VA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A robust renter share of 23% in 24605 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 24605 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 Bluefield:
Property Strategy for 24605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $69,147 | $1,020 | 10.6% | +5.2% | $34,574 |
| 3BR | $152,706 | $1,220 | 5.8% | +6.5% | $50,902 |
| 4BR | $232,880 | $1,400 | 4.3% | +7.6% | $58,220 |
| 5BR | $325,510 | — | — | +5.6% | $65,102 |
Market Trends
Home Value History (with trend line)
📊 How Does 24605 Compare?
| Metric | 24605 | Bluefield | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $147,954 | $132,046 | N/A | $403,170 |
| 5-Year CAGR | 5.8% | 5.3% | N/A | 6.4% |
| Avg Rent | $918 | $909 | N/A | - |
| Cap Rate | 4.8% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24605 (Bluefield, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,954 |
| Monthly Rent | $918 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 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 (4.8%). 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 24605
Population: 8,839
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 24605
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
Are homes affordable in Bluefield, VA?
In Bluefield, VA the median home value sits at $148K. Against the broader VA market, that reads as reasonable for most investors.
Is Bluefield, VA better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Bluefield, VA best. The market produces steady results for that approach at the $148K price point.
Is rental property easy to operate in Bluefield, VA?
For rental operators, Bluefield, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Bluefield, VA suited for a house hack?
Bluefield, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $148K price point reasonable to enter.
Are tenants stable in Bluefield, VA?
Tenant demand in Bluefield, VA is solid. The local workforce $918/mo rents across most rental classes.
You know 24605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24605 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.
How 24605 ranks in Bluefield, WV-VA
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