Real Estate Investing in Radford, Virginia (24141)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24141 (Radford, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.3% of homes vacant — above national norms.
What’s happening in Radford, VA (24141)?
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Market Analysis: 24141 Radford
Turning to rents, ZIP 24141 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $270K median. It rewards specialists, not generalists.
Rent of $1,467/mo on a $270K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24141 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Radford have seen price recovery that 24141 has not matched. Radford City data supports the view that the spread is structural rather than temporary.
Put differently, 21,378 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.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Radford:
Property Strategy for 24141
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,416 | $1,110 | 4.4% | +6.8% | $90,208 |
| 3BR | $270,494 | $1,490 | 4.0% | +7.2% | $90,165 |
| 4BR | $371,675 | $1,870 | 3.6% | +7.4% | $92,919 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24141 Compare?
| Metric | 24141 | Radford | Blacksburg-Christiansburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $270,333 | $135,167 | N/A | $403,170 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 6.4% |
| Avg Rent | $1,467 | $1,467 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24141 (Radford, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,333 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +16.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 24141
Population: 21,378
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 24141
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
How much should I expect to pay for a home in Radford, VA?
Radford, VA median home values land near $270K. That is reasonable territory for investors looking at $1,467/mo-per-month rentals.
Are renters plentiful in Radford, VA?
Expect a solid tenant pool in Radford, VA. The rental market absorbs $1,467/mo rents without meaningful friction.
Is real estate in Radford, VA a good investment right now?
Investors tracking Radford, VA will find a 3.0/5 rating supported by $270K median home values and $1,467/mo rents. That profile suits long-term holders targeting consistent returns.
Are eviction rules reasonable in Radford, VA?
Radford, VA operates under VA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What does house hacking look like in Radford, VA?
House hacking in Radford, VA is reasonable to execute. Prices around $270K and rents of $1,467/mo solid owner-occupant economics.
You know 24141 now. You don’t know where it ranks.
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