Real Estate Investing in Barren Springs, Virginia (24313)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24313 (Barren Springs, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.6% of homes vacant — above national norms.
- Elevated poverty: 27.0% poverty rate — can affect rent collection.
- Higher unemployment: 10.2% unemployment — tenant risk signal.
- Lower household income: $31,250 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Barren Springs, VA (24313)?
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Market Analysis: 24313 Barren Springs
This part of Wythe County is not an easy win. The 24313 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 24313 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader VA picture, 24313 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 24313 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 24313 is an operator game, not a passive one. Turning to rents, entry prices of $177K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Barren Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 24313 Compare?
| Metric | 24313 | Barren Springs | Blacksburg-Christiansburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $176,585 | $176,585 | N/A | $403,170 |
| 5-Year CAGR | 9.0% | 9.0% | N/A | 6.4% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24313 (Barren Springs, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,585 |
| Monthly Rent | $819 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +18.0% ▲ |
| 3-Year CAGR | +10.0% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.6%). 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 24313
Population: 831
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do experienced investors play Barren Springs, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Barren Springs, VA. The numbers - $177K homes against $819/mo rents - support that play.
What is the average home sale price in Barren Springs, VA?
Typical homes in Barren Springs, VA go for around $177K. The 5-year CAGR of 0.0% stable price movement.
Should investors consider Barren Springs, VA?
The 3.0/5 investability rating in Barren Springs, VA reflects its $177K prices and $819/mo rents. Investors generally consider it a solid option within VA.
Is rental property easy to operate in Barren Springs, VA?
Landlord-friendliness in Barren Springs, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much rent can I charge in Barren Springs, VA?
Barren Springs, VA rentals go for roughly $819/mo a month. That puts gross yield in solid territory relative to $177K acquisition costs.
You know 24313 now. You don’t know where it ranks.
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How 24313 ranks in Blacksburg-Christiansburg, VA
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