Welcome to our 24574 real estate data hub, tailored for investors in Monroe, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 24574 in Monroe, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in AMHERST COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Monroe, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Monroe property market.
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Location Overview
- Zip Code: 24574
- City: Monroe
- State: VA
- Metro Area: Lynchburg, VA
- County Name: AMHERST COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $249,358
- Average Home Price (Single Family Homes): $248,675
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 1.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $900
- Average 3 Bedroom Section 8 Rental Rates: $1,220
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.09
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.03
- Number of Units Offered in Section 8 in the County: 1553
- Number of Occupied Units in Section 8 in the County: 1454
- Percentage of Section 8 Units Occupied in the County: 93.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): Not Available
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.04%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.86%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.81%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 45.76%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.69%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%