Real Estate Investing in Speedwell, Virginia (24374)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24374 (Speedwell, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• 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 Speedwell, VA (24374)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24374 Speedwell
Investors eyeing 24374 need to respect the fundamentals at play. Home values of $169K come alongside slower price movement and elevated management overhead.
The 24374 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Speedwell have seen price recovery that 24374 has not matched. Wythe County data supports the view that the spread is structural rather than temporary.
Resident income in 24374 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Speedwell's stable or hybrid ZIPs before stepping into 24374. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Speedwell:
Market Trends
Home Value History (with trend line)
📊 How Does 24374 Compare?
| Metric | 24374 | Speedwell | Virginia |
|---|---|---|---|
| Home Value | $168,574 | $168,574 | $403,170 |
| 5-Year CAGR | 7.8% | 7.8% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24374 (Speedwell, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,574 |
| Monthly Rent | $819 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.8%). 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 24374
Population: 514
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 24374
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
Is Speedwell, VA a good market for buy-and-hold investors?
Our data puts Speedwell, VA at 3.0/5 for investability. Home prices of $169K and rents around $819/mo create a solid backdrop for investor activity.
What is the smart move for investors in Speedwell, VA?
In Speedwell, VA the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $169K prices and $819/mo rents suits that approach.
What is the average monthly rent in Speedwell, VA?
Rent in Speedwell, VA is around $819/mo. The resulting rent-to-value relationship with $169K pricing is reasonable for most investor models.
Are there empty rentals in Speedwell, VA?
Speedwell, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
What does house hacking look like in Speedwell, VA?
The a challenging house-hack environment in Speedwell, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 24374 now. You don’t know where it ranks.
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