Real Estate Investing in Fries, Virginia (24330)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24330 (Fries, 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: 28.1% of homes vacant — above national norms.
- Lower household income: $39,060 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 Fries, VA (24330)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24330 Fries
ZIP 24330 inside Grayson County looks affordable on the surface — median value of $156K — but the discount exists for reasons that a careful buyer should understand before committing.
Looking more closely, the numbers look inviting — $156K purchase price, 0.0% nominal cap — the work to hit that pro forma in 24330 is substantial and deserves full respect.
Regionally, 24330 sits on the difficult end of the VA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 2,870 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
seems to 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 Fries:
Property Strategy for 24330
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $114,846 | $910 | 5.7% | +11.2% | $57,423 |
| 3BR | $163,465 | $1,260 | 5.5% | +9.8% | $54,488 |
| 4BR | $216,545 | $1,320 | 4.4% | +9.9% | $54,136 |
Market Trends
Home Value History (with trend line)
📊 How Does 24330 Compare?
| Metric | 24330 | Fries | Virginia |
|---|---|---|---|
| Home Value | $155,907 | $155,907 | $403,170 |
| 5-Year CAGR | 6.8% | 6.8% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 24330 (Fries, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $155,907 |
| Monthly Rent | $819 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.1%). 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 24330
Population: 2,870
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 24330
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
Should investors consider Fries, VA?
The 3.0/5 investability rating in Fries, VA reflects its $156K prices and $819/mo rents. Investors generally consider it a solid option within VA.
Where do home prices stand in Fries, VA?
Fries, VA home values average about $156K. That price point suits investors targeting rentals with $819/mo in monthly income.
Where do rents currently stand in Fries, VA?
The typical rental in Fries, VA commands about $819/mo monthly. That rent profile reliable cash flow against the $156K purchase basis.
What approach is best for Fries, VA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Fries, VA. The numbers - $156K homes against $819/mo rents - support that play.
Do rentals sit vacant long in Fries, VA?
Expect elevated vacancy in Fries, VA. Rents at $819/mo are absorbed by the tenant base without meaningful lag.
You know 24330 now. You don’t know where it ranks.
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