Real Estate Investing in Meadowview, Virginia (24361)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24361 (Meadowview, 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: 12.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Meadowview, VA (24361)?
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Market Analysis: 24361 Meadowview
This part of Washington County is not an easy win. The 24361 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $231K asset, 24361 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 24361'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.
The 24361 ZIP's population of 4,644 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
New investors are better served looking at Meadowview's stable or hybrid ZIPs before stepping into 24361. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Meadowview:
Property Strategy for 24361
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,830 | $1,130 | 5.0% | +8.0% | $80,915 |
| 3BR | $233,149 | $1,450 | 4.5% | +8.2% | $77,716 |
| 4BR | $302,936 | $1,590 | 3.8% | +8.9% | $75,734 |
Market Trends
Home Value History (with trend line)
📊 How Does 24361 Compare?
| Metric | 24361 | Meadowview | Virginia |
|---|---|---|---|
| Home Value | $231,282 | $231,282 | $403,170 |
| 5-Year CAGR | 6.8% | 6.8% | 6.4% |
| Avg Rent | $1,017 | $1,017 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 24361 (Meadowview, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,282 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.4%). 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 24361
Population: 4,644
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 24361
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 real estate strategy is ideal for Meadowview, VA?
Meadowview, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($231K prices, $1,017/mo rents) make it a reasonable choice.
Is the tenant base reliable in Meadowview, VA?
Tenant demand in Meadowview, VA is solid. The local workforce $1,017/mo rents across most rental classes.
What is the typical rental rate in Meadowview, VA?
Investors in Meadowview, VA typically see rents near $1,017/mo per month against $231K home values - a solid setup for rental cash flow.
How quickly do rentals get leased in Meadowview, VA?
Vacancy risk in Meadowview, VA is elevated. That supports stable cash flow for typical rental holds.
Is Meadowview, VA good for house hacking?
House hacking in Meadowview, VA is a challenging. With home values around $231K and rents at $1,017/mo, owner-occupants can offset a meaningful share of PITI.
You know 24361 now. You don’t know where it ranks.
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