Real Estate Investing in Goodview, Virginia (24095)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24095 (Goodview, 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: 17.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Goodview, VA (24095)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24095 Goodview
ZIP 24095 inside Bedford County looks affordable on the surface — median value of $322K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 24095 can be a a strong candidate for hunting ground — but the discount at $322K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Goodview have seen price recovery that 24095 has not matched. Bedford County data supports the view that the spread is structural rather than temporary.
Who lives in 24095 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 24095 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Goodview:
Property Strategy for 24095
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $229,030 | $1,140 | 3.6% | +7.9% | $114,515 |
| 3BR | $309,043 | $1,570 | 3.7% | +9.1% | $103,014 |
| 4BR | $416,239 | $1,680 | 2.9% | +8.5% | $104,060 |
Market Trends
Home Value History (with trend line)
📊 How Does 24095 Compare?
| Metric | 24095 | Goodview | Lynchburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $321,684 | $321,684 | N/A | $403,170 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 6.4% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 24095 (Goodview, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,684 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.5%). 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 24095
Population: 3,426
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 24095
Schools in This ZIP Code
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
What are home prices like in Goodview, VA?
In Goodview, VA the median home value sits at $322K. Against the broader VA market, that reads as reasonable for most investors.
What is the typical renter like in Goodview, VA?
The renter base in Goodview, VA is reasonable for the $1,026/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is rental property easy to operate in Goodview, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Goodview generally follows the statewide framework, so landlords face reasonable operating rules.
Does house hacking make sense in Goodview, VA?
The a challenging house-hack environment in Goodview, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How does Goodview, VA stack up for property investment?
With a 3.0/5 investability score, Goodview, VA ranks as a solid market for rental property investors. Median prices of $322K and rents of $1,026/mo drive the underlying numbers.
You know 24095 now. You don’t know where it ranks.
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How 24095 ranks in Lynchburg, VA
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