Real Estate Investing in Jonesville, Virginia (24263)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24263 (Jonesville, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.6% of homes vacant — above national norms.
- Elevated poverty: 29.9% poverty rate — can affect rent collection.
- Lower household income: $32,227 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 Jonesville, VA (24263)?
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Market Analysis: 24263 Jonesville
Not every below-median market is a bargain. Jonesville's 24263 ZIP posts signals that favor experienced operators who can absorb the risk $128K pricing implies.
The 24263 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 24263 and stronger Jonesville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 24263 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.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Jonesville:
Property Strategy for 24263
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $100,598 | $910 | 6.5% | +8.2% | $50,299 |
| 3BR | $137,156 | $1,240 | 6.5% | +7.8% | $45,719 |
| 4BR | $184,762 | $1,440 | 5.6% | +9.2% | $46,190 |
Market Trends
Home Value History (with trend line)
📊 How Does 24263 Compare?
| Metric | 24263 | Jonesville | Virginia |
|---|---|---|---|
| Home Value | $127,885 | $127,885 | $403,170 |
| 5-Year CAGR | 6.5% | 6.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 5.0% | 5.0% | - |
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 24263 (Jonesville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,885 |
| Monthly Rent | $819 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (5.0%). 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 24263
Population: 5,661
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 24263
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 kind of market is Jonesville, VA for investors?
Jonesville, VA scores 3.0/5 for investability. Home values sit at $128K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How high is vacancy risk in Jonesville, VA?
Vacancy in Jonesville, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $819/mo.
How much is rent in Jonesville, VA?
Rental rates in Jonesville, VA average $819/mo. Tenant demand and $128K home values make the yield look reasonable by investor standards.
Which real estate strategy fits Jonesville, VA?
Jonesville, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($128K prices, $819/mo rents) make it a reasonable choice.
Is Jonesville, VA good for landlords?
Jonesville, VA operates under VA law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
You know 24263 now. You don’t know where it ranks.
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