Real Estate Investing in Tazewell, Virginia (24651)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24651 (Tazewell, 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: 23.7% 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 Tazewell, VA (24651)?
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Market Analysis: 24651 Tazewell
This part of Tazewell County is not an easy win. The 24651 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $166K asset, 24651 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 24651 and stronger Tazewell ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 24651 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 24651 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Tazewell:
Property Strategy for 24651
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $93,560 | $910 | 7.0% | +7.6% | $46,780 |
| 3BR | $159,796 | $1,100 | 5.0% | +5.9% | $53,265 |
| 4BR | $215,536 | $1,260 | 4.2% | +6.4% | $53,884 |
Market Trends
Home Value History (with trend line)
📊 How Does 24651 Compare?
| Metric | 24651 | Tazewell | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $165,873 | $165,873 | N/A | $403,170 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.4% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24651 (Tazewell, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,873 |
| Monthly Rent | $819 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (3.9%). 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 24651
Population: 5,683
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 24651
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
Are there empty rentals in Tazewell, VA?
Tazewell, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Are renters plentiful in Tazewell, VA?
Tazewell, VA draws a measured base of working renters. Demand at the $819/mo rent level is reasonable for standard single-family and small multi rentals.
Is real estate in Tazewell, VA a good investment right now?
Tazewell, VA scores 3.0/5 for investability. Home values sit at $166K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Tazewell, VA good for house hacking?
The house hack math a challenging in Tazewell, VA. Owner-occupant buyers benefit from the $819/mo rents and $166K home values.
How much is rent in Tazewell, VA?
Tazewell, VA rentals go for roughly $819/mo a month. That puts gross yield in solid territory relative to $166K acquisition costs.
You know 24651 now. You don’t know where it ranks.
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How 24651 ranks in Bluefield, WV-VA
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