Real Estate Investing in Saint Paul, Virginia (24224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24224 (Saint Paul, 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: 17.6% of homes vacant — above national norms.
- Elevated poverty: 22.0% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Saint Paul, VA (24224)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24224 Saint Paul
ZIP 24224 in Saint Paul, VA carries a healthy set of headwinds. Home values near $125K and rents of $936/mo sit inside a market where underwriting has to be tight.
The investment case in 24224 is solid only for operators who understand what they are buying. A $125K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 24224 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 24224 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. sturdy returns are possible in 24224, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Saint Paul:
Property Strategy for 24224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $81,527 | $1,040 | 9.2% | +5.9% | $40,763 |
| 3BR | $134,702 | $1,320 | 7.1% | +6.2% | $44,901 |
| 4BR | $197,414 | $1,570 | 5.7% | +7.8% | $49,354 |
Market Trends
Home Value History (with trend line)
📊 How Does 24224 Compare?
| Metric | 24224 | Saint Paul | Virginia |
|---|---|---|---|
| Home Value | $125,153 | $126,547 | $403,170 |
| 5-Year CAGR | 3.8% | 4.0% | 6.4% |
| Avg Rent | $936 | $878 | - |
| Cap Rate | 5.8% | 5.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24224 (Saint Paul, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $125,153 |
| Monthly Rent | $936 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (5.8%). 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 24224
Population: 5,330
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 24224
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
What is the smart move for investors in Saint Paul, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Saint Paul, VA. The numbers - $125K homes against $936/mo rents - support that play.
How much is rent in Saint Paul, VA?
The typical rental in Saint Paul, VA commands about $936/mo monthly. That rent profile stable cash flow against the $125K purchase basis.
Are renters plentiful in Saint Paul, VA?
The renter base in Saint Paul, VA is reasonable for the $936/mo price point. Screening well and pricing to market typically yields measured tenants.
What is it like being a landlord in Saint Paul, VA?
Saint Paul, VA operates under VA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Is Saint Paul in VA worth investing in?
The 3.0/5 investability rating in Saint Paul, VA reflects its $125K prices and $936/mo rents. Investors generally consider it a solid option within VA.
You know 24224 now. You don’t know where it ranks.
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