Real Estate Investing in Meadows of Dan, Virginia (24120)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24120 (Meadows of Dan, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.0% 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 Meadows of Dan, VA (24120)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24120 Meadows of Dan
Investors eyeing 24120 need to respect the fundamentals at play. Home values of $233K come alongside slower price movement and elevated management overhead.
The investment case in 24120 is solid only for operators who understand what they are buying. A $233K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Meadows of Dan have seen price recovery that 24120 has not matched. Patrick County data supports the view that the spread is structural rather than temporary.
Employment concentration in 24120 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 Meadows of Dan's stable or hybrid ZIPs before stepping into 24120. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Meadows of Dan:
Market Trends
Home Value History (with trend line)
📊 How Does 24120 Compare?
| Metric | 24120 | Meadows of Dan | Virginia |
|---|---|---|---|
| Home Value | $233,439 | $233,439 | $403,170 |
| 5-Year CAGR | 5.2% | 5.2% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24120 (Meadows of Dan, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,439 |
| Monthly Rent | $819 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 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 (2.7%). 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 24120
Population: 1,608
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 24120
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.
Frequently Asked Questions
Does Meadows of Dan, VA favor landlords or tenants?
Meadows of Dan, VA operates under VA law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What does house hacking look like in Meadows of Dan, VA?
The a challenging house-hack environment in Meadows of Dan, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How qualified is the tenant pool in Meadows of Dan, VA?
The tenant pool in Meadows of Dan, VA is solid, supported by local employment and population fundamentals. Rents of $819/mo are well-absorbed by the market.
What do landlords charge for rent in Meadows of Dan, VA?
Expect rents around $819/mo per month in Meadows of Dan, VA. With home values at $233K, the yield math works out to reasonable levels for rental investors.
How much should I expect to pay for a home in Meadows of Dan, VA?
Expect median prices around $233K in Meadows of Dan, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 24120 now. You don’t know where it ranks.
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