Real Estate Investing in Bluefield, West Virginia (24701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24701 (Bluefield, WV)? 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: 17.5% of homes vacant — above national norms.
What’s happening in Bluefield, WV (24701)?
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Market Analysis: 24701 Bluefield
ZIP 24701 inside Mercer County looks affordable on the surface — median value of $116K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24701 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 24701's metrics run below Mercer County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 35% in 24701 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 24701 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 24701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $56,970 | $710 | 9.0% | +8.8% | $56,970 |
| 2BR | $80,427 | $890 | 8.0% | +13.2% | $40,214 |
| 3BR | $124,382 | $1,200 | 6.9% | +10.4% | $41,461 |
| 4BR | $145,562 | $1,250 | 6.2% | +9.1% | $36,390 |
| 5BR | $180,797 | — | — | +10.7% | $36,159 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24701 Compare?
| Metric | 24701 | Bluefield | Bluefield, WV-VA | West Virginia |
|---|---|---|---|---|
| Home Value | $115,567 | $115,567 | N/A | $169,372 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 6.1% |
| Avg Rent | $814 | $814 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24701 (Bluefield, WV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,567 |
| Monthly Rent | $814 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (5.5%). 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 24701
Population: 17,943
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 24701
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, WV?
In Bluefield, WV the median home value sits at $116K. Against the broader WV market, that reads as reasonable for most investors.
What is the rental occupancy rate in Bluefield, WV?
Bluefield, WV carries elevated vacancy risk. Expect consistent absorption at market rents of $814/mo.
What monthly rent should investors expect in Bluefield, WV?
Expect rents around $814/mo per month in Bluefield, WV. With home values at $116K, the yield math works out to reasonable levels for rental investors.
How do landlord-tenant laws work in Bluefield, WV?
Bluefield, WV operates under WV law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is the tenant base reliable in Bluefield, WV?
Working renters make up the core of the Bluefield, WV tenant base. The pool is reasonable for investors targeting long-term holds.
You know 24701 now. You don’t know where it ranks.
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How 24701 ranks in Bluefield, WV-VA
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