Real Estate Investing in Cleveland, Virginia (24225)
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Should you buy in 24225 (Cleveland, 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: 29.1% of homes vacant — above national norms.
- Elevated poverty: 22.4% poverty rate — can affect rent collection.
- Lower household income: $26,741 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cleveland, VA (24225)?
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Market Analysis: 24225 Cleveland
The 24225 ZIP covers a section of Cleveland that demands careful diligence. Prices near $102K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 24225 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 24225's metrics run below Russell's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 24225 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 24225 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 Cleveland:
Property Strategy for 24225
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $74,699 | $910 | 8.8% | +7.1% | $37,349 |
| 3BR | $122,612 | $1,170 | 6.9% | +6.5% | $40,871 |
Market Trends
Home Value History (with trend line)
📊 How Does 24225 Compare?
| Metric | 24225 | Cleveland | Virginia |
|---|---|---|---|
| Home Value | $102,192 | $102,192 | $403,170 |
| 5-Year CAGR | 3.8% | 3.8% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 6.3% | 6.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24225 (Cleveland, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $102,192 |
| Monthly Rent | $819 |
| Price-to-Rent | 10.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.3% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (6.3%). 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 24225
Population: 1,905
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 is the typical home price in Cleveland, VA?
Median home price in Cleveland, VA is near $102K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is Cleveland, VA a good place for real estate investing?
The 3.0/5 investability rating in Cleveland, VA reflects its $102K prices and $819/mo rents. Investors generally consider it a solid option within VA.
Is Cleveland, VA good for house hacking?
Cleveland, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $819/mo rent level.
Does Cleveland, VA favor landlords or tenants?
Cleveland, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is the tenant base reliable in Cleveland, VA?
Cleveland, VA offers a predictable renter base at the $819/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 24225 now. You don’t know where it ranks.
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