Real Estate Investing in Collinsville, Virginia (24078)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24078 (Collinsville, 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: 15.2% 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 Collinsville, VA (24078)?
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Market Analysis: 24078 Collinsville
This part of Henry County is not an easy win. The 24078 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 24078 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Collinsville have seen price recovery that 24078 has not matched. Henry County data supports the view that the spread is structural rather than temporary.
In practical terms, 7,217 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 24078 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 Collinsville:
Market Trends
Home Value History (with trend line)
📊 How Does 24078 Compare?
| Metric | 24078 | Collinsville | Martinsville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $169,683 | $169,683 | N/A | $403,170 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.4% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24078 (Collinsville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,683 |
| Monthly Rent | $819 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.8%). 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 24078
Population: 7,217
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 24078
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Stanleytown Elementary
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
How much should I expect to pay for a home in Collinsville, VA?
Collinsville, VA median home values land near $170K. That is reasonable territory for investors looking at $819/mo-per-month rentals.
Is VA a landlord-friendly state?
VA ranks as a landlord-friendly state for landlord-tenant law. Collinsville generally follows the statewide framework, so landlords face reasonable operating rules.
How high is vacancy risk in Collinsville, VA?
Vacancy in Collinsville, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $819/mo.
How do experienced investors play Collinsville, VA?
For Collinsville, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong is tenant demand in Collinsville, VA?
The tenant pool in Collinsville, VA is solid, supported by local employment and population fundamentals. Rents of $819/mo are well-absorbed by the market.
You know 24078 now. You don’t know where it ranks.
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How 24078 ranks in Martinsville, VA
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