Real Estate Investing in Cedar Bluff, Virginia (24637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24637 (Cedar Bluff, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cedar Bluff, VA (24637)?
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Market Analysis: 24637 Cedar Bluff
ZIP 24637 inside Tazewell County looks affordable on the surface — median value of $204K — but the discount exists for reasons that a careful buyer should understand before committing.
In practical terms, the numbers look inviting — $204K purchase price, 0.0% nominal cap — the work to hit that pro forma in 24637 is substantial and deserves full respect.
Looking more closely, 24637 offers a low basis, the region around Cedar Bluff has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 24637 ZIP's population of 3,595 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
seems to 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 Cedar Bluff:
Property Strategy for 24637
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $193,072 | $1,120 | 4.2% | +7.0% | $64,357 |
| 4BR | $262,141 | $1,290 | 3.5% | +7.0% | $65,535 |
Market Trends
Home Value History (with trend line)
📊 How Does 24637 Compare?
| Metric | 24637 | Cedar Bluff | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $204,397 | $180,317 | N/A | $403,170 |
| 5-Year CAGR | 6.3% | 5.5% | N/A | 6.4% |
| Avg Rent | $828 | $833 | N/A | - |
| Cap Rate | 3.2% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24637 (Cedar Bluff, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,397 |
| Monthly Rent | $828 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.2%). 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 24637
Population: 3,595
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do landlords charge for rent in Cedar Bluff, VA?
Expect rents around $828/mo per month in Cedar Bluff, VA. With home values at $204K, the yield math works out to reasonable levels for rental investors.
How expensive is real estate in Cedar Bluff, VA?
Median home price in Cedar Bluff, VA is near $204K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Does Cedar Bluff, VA make sense for an investment property?
With a 3.0/5 investability score, Cedar Bluff, VA ranks as a solid market for rental property investors. Median prices of $204K and rents of $828/mo drive the underlying numbers.
What is the rental occupancy rate in Cedar Bluff, VA?
Occupancy in Cedar Bluff, VA runs predictable with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
Is Cedar Bluff, VA landlord-friendly?
VA law landlord-friendly for landlords, and Cedar Bluff inherits those rules. Investors should still review local ordinances for rental licensing.
You know 24637 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24637 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 24637 ranks in Bluefield, WV-VA
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