Real Estate Investing in Daleville, Virginia (24083)
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Should you buy in 24083 (Daleville, VA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Daleville, VA (24083)?
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Market Analysis: 24083 Daleville
Investors eyeing 24083 need to respect the fundamentals at play. Home values of $472K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $472K asset, 24083 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Daleville have seen price recovery that 24083 has not matched. Botetourt County data supports the view that the spread is structural rather than temporary.
Employment concentration in 24083 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Daleville's stable or hybrid ZIPs before stepping into 24083. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Daleville:
Property Strategy for 24083
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $348,380 | $1,880 | 3.9% | — | $174,190 |
| 3BR | $402,218 | $2,610 | 4.7% | +6.5% | $134,073 |
| 4BR | $564,254 | $3,150 | 4.0% | +7.4% | $141,063 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24083 Compare?
| Metric | 24083 | Daleville | Roanoke, VA | Virginia |
|---|---|---|---|---|
| Home Value | $472,125 | $472,125 | N/A | $403,170 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.4% |
| Avg Rent | $1,831 | $1,831 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24083 (Daleville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $472,125 |
| Monthly Rent | $1,831 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.0%). 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 24083
Population: 4,379
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 24083
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Greenfield Elementary
Troutville 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
Investor Insight: With 709 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Daleville, VA?
In Daleville, VA the robust play is typically careful cash-flow rentals with hands-on management. The combination of $472K prices and $1,831/mo rents suits that approach.
What are rental rates like in Daleville, VA?
Rental rates in Daleville, VA average $1,831/mo. Tenant demand and $472K home values make the yield look reasonable by investor standards.
How strong is the working-renter base in Daleville, VA?
The renter base in Daleville, VA is reasonable for the $1,831/mo price point. Screening well and pricing to market typically yields stable tenants.
What does house hacking look like in Daleville, VA?
The a challenging house-hack environment in Daleville, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is real estate in Daleville, VA a good investment right now?
Daleville, VA scores 3.0/5 for investability. Home values sit at $472K and rents near $1,831/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
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How 24083 ranks in Roanoke, VA
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