Real Estate Investing in Saint Paul, Virginia (24283)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24283 (Saint Paul, VA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
- Elevated poverty: 29.5% poverty rate — can affect rent collection.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
- Lower household income: $28,833 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 Saint Paul, VA (24283)?
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Market Analysis: 24283 Saint Paul
ZIP 24283 in Saint Paul, VA carries a substantial set of headwinds. Home values near $128K and rents of $819/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $128K asset, 24283 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 24283 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 24283 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.
The right play in 24283 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Saint Paul:
Market Trends
Home Value History (with trend line)
📊 How Does 24283 Compare?
| Metric | 24283 | Saint Paul | Big Stone Gap, VA | Virginia |
|---|---|---|---|---|
| Home Value | $127,940 | $126,547 | N/A | $403,170 |
| 5-Year CAGR | 4.2% | 4.0% | N/A | 6.4% |
| Avg Rent | $819 | $878 | N/A | - |
| Cap Rate | 5.0% | 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 24283 (Saint Paul, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,940 |
| 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 | 9.2% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (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 24283
Population: 1,873
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 24283
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
What do landlords charge for rent in Saint Paul, VA?
Investors in Saint Paul, VA typically see rents near $819/mo per month against $128K home values - a solid setup for rental cash flow.
Is vacancy a concern in Saint Paul, VA?
Saint Paul, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What kind of market is Saint Paul, VA for investors?
Saint Paul, 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.
What is the median home value in Saint Paul, VA?
Saint Paul, VA median home values land near $128K. That is reasonable territory for investors looking at $819/mo-per-month rentals.
What real estate strategy is ideal for Saint Paul, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Saint Paul, VA. The numbers - $128K homes against $819/mo rents - support that play.
You know 24283 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24283 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 24283 ranks in Big Stone Gap, VA
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