Real Estate Investing in Bluefield, Virginia (24613)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24613 (Bluefield, VA)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated poverty: 36.7% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bluefield, VA (24613)?
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Market Analysis: 24613 Bluefield
Not every below-median market is a bargain. Bluefield's 24613 ZIP posts signals that favor experienced operators who can absorb the risk $116K pricing implies.
For an experienced owner, 24613 can be a a strong candidate for hunting ground — but the discount at $116K reflects genuine risk that outside investors often underestimate.
Within VA, ZIP 24613 trails on several market indicators that neighboring Tazewell County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 24613 ZIP's population of 283 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The 24613 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bluefield:
Market Trends
Home Value History (with trend line)
📊 How Does 24613 Compare?
| Metric | 24613 | Bluefield | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $116,138 | $132,046 | N/A | $403,170 |
| 5-Year CAGR | 4.8% | 5.3% | N/A | 6.4% |
| Avg Rent | $900 | $909 | N/A | - |
| Cap Rate | 6.0% | 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 24613 (Bluefield, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $116,138 |
| Monthly Rent | $900 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (6.0%). 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 24613
Population: 283
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 24613
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Graham Middle
Graham High
Graham Intermediate
Abb's Valley-Boissevain Elementary
Dudley Primary
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
What are rental rates like in Bluefield, VA?
Expect rents around $900/mo per month in Bluefield, VA. With home values at $116K, the yield math works out to reasonable levels for rental investors.
Do landlords face vacancy issues in Bluefield, VA?
Bluefield, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Is Bluefield, VA a smart market for rental property?
Investors tracking Bluefield, VA will find a 3.0/5 rating supported by $116K median home values and $900/mo rents. That profile suits long-term holders targeting measured returns.
Are eviction rules reasonable in Bluefield, VA?
Landlord-friendliness in Bluefield, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the median home value in Bluefield, VA?
The median home value in Bluefield, VA is roughly $116K. That puts it reasonable relative to the VA statewide average.
You know 24613 now. You don’t know where it ranks.
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How 24613 ranks in Bluefield, WV-VA
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