Real Estate Investing in Union Hall, Virginia (24176)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24176 (Union Hall, 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: 49.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 56.3 — 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 Union Hall, VA (24176)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24176 Union Hall
This part of Franklin County is not an easy win. The 24176 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 24176 is sturdy only for operators who understand what they are buying. A $863K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within VA, ZIP 24176 trails on several market indicators that neighboring Franklin County submarkets outperform. The gap is real and resilient enough to shape underwriting.
A robust renter share of 6% in 24176 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Union Hall's stable or hybrid ZIPs before stepping into 24176. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Union Hall:
Property Strategy for 24176
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $427,489 | $1,420 | 2.4% | +8.3% | $213,745 |
| 3BR | $811,810 | $1,970 | 1.7% | +11.5% | $270,603 |
| 4BR | $1,010,778 | $2,380 | 1.7% | +11.3% | $252,695 |
Market Trends
Home Value History (with trend line)
📊 How Does 24176 Compare?
| Metric | 24176 | Union Hall | Roanoke, VA | Virginia |
|---|---|---|---|---|
| Home Value | $863,171 | $863,171 | N/A | $403,170 |
| 5-Year CAGR | 8.2% | 8.2% | N/A | 6.4% |
| Avg Rent | $1,278 | $1,278 | N/A | - |
| Cap Rate | 1.2% | 1.2% | - | - |
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 24176 (Union Hall, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 24176 (Union Hall, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $863,171 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 56.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (1.2%). 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 24176
Population: 1,506
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
Frequently Asked Questions
What does house hacking look like in Union Hall, VA?
For house hackers, Union Hall, VA is a challenging. The $1,278/mo rent on a unit helps defray the mortgage on a $863K property.
What is the typical vacancy rate in Union Hall, VA?
Union Hall, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are home prices like in Union Hall, VA?
The median home value in Union Hall, VA is roughly $863K. That puts it reasonable relative to the VA statewide average.
What monthly rent should investors expect in Union Hall, VA?
Rental rates in Union Hall, VA average $1,278/mo. Tenant demand and $863K home values make the yield look reasonable by investor standards.
What is it like being a landlord in Union Hall, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Union Hall generally follows the statewide framework, so landlords face reasonable operating rules.
You know 24176 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24176 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 24176 ranks in Roanoke, VA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 24176 (Union Hall)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 24176 (Union Hall, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.