Real Estate Investing in Long Island, Virginia

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,025 • Pittsylvania County

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Should you buy in Long Island, VA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 28.7% of homes vacant — above national norms.

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $175,355
Avg Monthly Rent $972
ZIP Codes 1

Investing in Long Island Real Estate

This is a distressed-leaning corner of Virginia: Long Island has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Long Island is in that category.

Rents in Long Island at $972/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Population dynamics in Long Island haven't been supportive. a challenging fit for combined with modest income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Danville, VA

Long Island is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$175,355
Avg Monthly Rent
$972
1% Rule
✗ Below
Landlord Friendly (VA)

📉 Market Crash Risk Index

Based on Danville, VA metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
54%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Danville, VA metro
0
Days to pending
6.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Long Island, VA

Screen every ZIP in Long Island

Filter Long Island’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Long Island, VA

Are homes affordable in Long Island, VA?

Long Island, VA home values average about $175K. That price point suits investors targeting rentals with $972/mo in monthly income.

Are eviction rules reasonable in Long Island, VA?

For rental operators, Long Island, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

Which investment style suits Long Island, VA?

A careful cash-flow rentals with hands-on management strategy Long Island, VA best. The market produces steady results for that approach at the $175K price point.

How high is vacancy risk in Long Island, VA?

Long Island, VA carries elevated vacancy risk. Expect steady absorption at market rents of $972/mo.

Can I live-in-and-rent in Long Island, VA?

House hacking in Long Island, VA is a challenging. With home values around $175K and rents at $972/mo, owner-occupants can offset a meaningful share of PITI.

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