Real Estate Investing in Damascus, Virginia (24236)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24236 (Damascus, 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: 25.7% of homes vacant — above national norms.
- Lower household income: $33,185 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 Damascus, VA (24236)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24236 Damascus
This part of Washington County is not an easy win. The 24236 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 24236 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 24236's metrics run below Washington County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 24236 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 24236 is an operator game, not a passive one. Stepping back, entry prices of $214K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Damascus:
Property Strategy for 24236
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,981 | $970 | 4.3% | +10.5% | $81,490 |
| 3BR | $210,678 | $1,240 | 4.2% | +9.2% | $70,226 |
| 4BR | $282,697 | $1,390 | 3.5% | +10.1% | $70,674 |
Market Trends
Home Value History (with trend line)
📊 How Does 24236 Compare?
| Metric | 24236 | Damascus | Virginia |
|---|---|---|---|
| Home Value | $213,541 | $213,541 | $403,170 |
| 5-Year CAGR | 8.4% | 8.4% | 6.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24236 (Damascus, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,541 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.2%). 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 24236
Population: 3,023
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 24236
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 does Damascus, VA stack up for property investment?
Yes - Damascus, VA a 3.0/5 investability score. With $214K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
Which real estate strategy fits Damascus, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Damascus, VA. The numbers - $214K homes against $873/mo rents - support that play.
How landlord-friendly is Damascus, VA?
The landlord environment in Damascus, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking make sense in Damascus, VA?
House hacking in Damascus, VA is reasonable to execute. Prices around $214K and rents of $873/mo solid owner-occupant economics.
How tight is the rental market in Damascus, VA?
Damascus, VA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $873/mo.
You know 24236 now. You don’t know where it ranks.
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