The story of this market
The typical home in ZIP 24651 sells for about $220,000, or $153 per square foot.
Prices are up +3.7% from a year ago, so sellers still have some momentum. Homes take about 215 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $477 a month.
ZIP 24651 — Tazewell
The 24651 housing market is currently balanced, with prices showing modest year-over-year growth of 3.7%. However, the market faces challenges including high vacancy rates and employment volatility, making it a difficult environment for investors expecting quick returns.
This area is generally not suited for investors seeking easy, low-maintenance returns; it is better suited for those who can price in significant market friction and long-horizon volatility.
Median prices moved up 3.7% year over year.
Homes spend a median of 215 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 20.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24651, Tazewell County, VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Employment concentration in this area leans toward sectors with higher volatility, leading to income fluctuation.
The rental market shows high vacancy rates at 23.7%, which is above national norms, and the area does not meet the 1% rule for rental yield potential.
The local economy is characterized by employment in sectors with higher volatility, contributing to income instability.
Data aggregated from Repit and World Population Review estimates.
- Back of the Dragon4.82.1 mi
- Big Walker Lookout4.615.1 mi
- The RailYard4.419.1 mi
- Wythe Raceway4.618.3 mi
- The Lincoln Theatre4.718.4 mi
- Back of the Dragon4.82.1 mi
- Back of the Dragon4.87.5 mi
- Historic Crab Orchard Museum4.74.7 mi
- Cavitt's Creek Park4.65.1 mi
- Big Walker Lookout4.615.1 mi
- The Lincoln Theatre4.718.4 mi
- Pocahontas Exhibition Coal Mine & Museum4.616.5 mi
- Settlers Museum of Southwest Virginia4.717.5 mi
- Historic Crab Orchard Museum4.74.7 mi
- Lincolnshire Park4.62.5 mi
- Cavitt's Creek Park4.65.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.