Real Estate Investing in Martinsville, Virginia (24112)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24112 (Martinsville, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.7% of homes vacant — above national norms.
What’s happening in Martinsville, VA (24112)?
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Market Analysis: 24112 Martinsville
Investors eyeing 24112 need to respect the fundamentals at play. Home values of $133K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 24112 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within VA, ZIP 24112 trails on several market indicators that neighboring Martinsville City submarkets outperform. The gap is real and resilient enough to shape underwriting.
Demographically, 24112 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 24112 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 Martinsville:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24112 Compare?
| Metric | 24112 | Martinsville | Martinsville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $132,753 | $132,753 | N/A | $403,170 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.4% |
| Avg Rent | $890 | $890 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24112 (Martinsville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,753 |
| Monthly Rent | $890 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.2% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (5.2%). 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 24112
Population: 30,862
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 24112
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
Frequently Asked Questions
What type of investing works in Martinsville, VA?
For Martinsville, 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 Martinsville, VA?
The renter base in Martinsville, VA is reasonable for the $890/mo price point. Screening well and pricing to market typically yields measured tenants.
What is the average home sale price in Martinsville, VA?
The median home value in Martinsville, VA is roughly $133K. That puts it reasonable relative to the VA statewide average.
Is Martinsville, VA a good market for buy-and-hold investors?
With a 3.0/5 investability score, Martinsville, VA ranks as a solid market for rental property investors. Median prices of $133K and rents of $890/mo drive the underlying numbers.
Can I live-in-and-rent in Martinsville, VA?
House hacking in Martinsville, VA is reasonable to execute. Prices around $133K and rents of $890/mo solid owner-occupant economics.
You know 24112 now. You don’t know where it ranks.
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