Real Estate Investing in Ivanhoe, Virginia (24350)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24350 (Ivanhoe, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.4% 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 Ivanhoe, VA (24350)?
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Market Analysis: 24350 Ivanhoe
This part of Wythe County is not an easy win. The 24350 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $828/mo on a $149K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24350 sits below the stated 0.0% once reality is priced in.
Regionally, 24350 sits on the difficult end of the VA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 1,385 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.
The right play in 24350 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Ivanhoe:
Property Strategy for 24350
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $144,750 | $920 | 4.6% | +8.0% | $72,375 |
| 3BR | $180,074 | $1,250 | 5.0% | +6.5% | $60,025 |
Market Trends
Home Value History (with trend line)
📊 How Does 24350 Compare?
| Metric | 24350 | Ivanhoe | Virginia |
|---|---|---|---|
| Home Value | $149,490 | $149,490 | $403,170 |
| 5-Year CAGR | 2.8% | 2.8% | 6.4% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24350 (Ivanhoe, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,490 |
| Monthly Rent | $828 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (4.3%). 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 24350
Population: 1,385
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
What are vacancy rates like in Ivanhoe, VA?
Rental vacancy in Ivanhoe, VA is elevated. Investors should budget normal turnover but not chronic empty units.
Is the tenant base reliable in Ivanhoe, VA?
Working renters make up the core of the Ivanhoe, VA tenant base. The pool is reasonable for investors targeting long-term holds.
What is the average home sale price in Ivanhoe, VA?
Median home price in Ivanhoe, VA is near $149K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Does house hacking make sense in Ivanhoe, VA?
House hacking in Ivanhoe, VA is a challenging. With home values around $149K and rents at $828/mo, owner-occupants can offset a meaningful share of PITI.
Are eviction rules reasonable in Ivanhoe, VA?
The landlord environment in Ivanhoe, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
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