Real Estate Investing in Wirtz, Virginia (24184)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24184 (Wirtz, 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: 16.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 47.7 — 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 Wirtz, VA (24184)?
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Market Analysis: 24184 Wirtz
The 24184 ZIP in Wirtz, VA is a local-operator market. Outside capital chasing a $468K entry has to pair deep knowledge with the discount.
Rent of $819/mo on a $468K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24184 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 24184 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On balance, 4,530 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.
Experienced landlords with local relationships tend to find 24184 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Wirtz:
Property Strategy for 24184
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $286,832 | $910 | 2.3% | +6.8% | $143,416 |
| 3BR | $420,267 | $1,280 | 2.2% | +8.2% | $140,089 |
| 4BR | $635,291 | $1,540 | 1.7% | +8.4% | $158,823 |
Market Trends
Home Value History (with trend line)
📊 How Does 24184 Compare?
| Metric | 24184 | Wirtz | Roanoke, VA | Virginia |
|---|---|---|---|---|
| Home Value | $468,445 | $468,445 | N/A | $403,170 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.4% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24184 (Wirtz, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $468,445 |
| Monthly Rent | $819 |
| Price-to-Rent | 47.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (1.4%). 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 24184
Population: 4,530
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 24184
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
How high is vacancy risk in Wirtz, VA?
Vacancy in Wirtz, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $819/mo.
What is the average home sale price in Wirtz, VA?
Wirtz, VA home values average about $468K. That price point suits investors targeting rentals with $819/mo in monthly income.
Does Wirtz, VA make sense for an investment property?
Yes - Wirtz, VA a 3.0/5 investability score. With $468K home prices against $819/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I live-in-and-rent in Wirtz, VA?
Wirtz, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $468K price point reasonable to enter.
What is the average monthly rent in Wirtz, VA?
The typical rental in Wirtz, VA commands about $819/mo monthly. That rent profile measured cash flow against the $468K purchase basis.
You know 24184 now. You don’t know where it ranks.
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How 24184 ranks in Roanoke, VA
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