Real Estate Investing in Glade Spring, Virginia (24340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24340 (Glade Spring, 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: 14.2% 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 Glade Spring, VA (24340)?
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Market Analysis: 24340 Glade Spring
From an investor standpoint, ZIP 24340 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $204K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 24340 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader VA picture, 24340 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 24340 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
looks 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 Glade Spring:
Property Strategy for 24340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,800 | $1,000 | 5.4% | +6.5% | $66,400 |
| 3BR | $213,072 | $1,280 | 4.3% | +7.7% | $71,024 |
| 4BR | $284,895 | $1,400 | 3.5% | +7.7% | $71,224 |
Market Trends
Home Value History (with trend line)
📊 How Does 24340 Compare?
| Metric | 24340 | Glade Spring | Virginia |
|---|---|---|---|
| Home Value | $203,853 | $203,853 | $403,170 |
| 5-Year CAGR | 6.2% | 6.2% | 6.4% |
| Avg Rent | $900 | $900 | - |
| 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 24340 (Glade Spring, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,853 |
| Monthly Rent | $900 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 24340
Population: 6,173
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 24340
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 are vacancy rates like in Glade Spring, VA?
Glade Spring, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
How strong is tenant demand in Glade Spring, VA?
Glade Spring, VA draws a consistent base of working renters. Demand at the $900/mo rent level is reasonable for standard single-family and small multi rentals.
Are landlord laws favorable in Glade Spring, VA?
Rental owners in Glade Spring, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Glade Spring, VA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Glade Spring, VA. The numbers - $204K homes against $900/mo rents - support that play.
How expensive is real estate in Glade Spring, VA?
Median home price in Glade Spring, VA is near $204K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 24340 now. You don’t know where it ranks.
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