Real Estate Investing in Laurel Fork, Virginia (24352)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24352 (Laurel Fork, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 36.6% 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 Laurel Fork, VA (24352)?
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Market Analysis: 24352 Laurel Fork
ZIP 24352 inside Carroll County looks affordable on the surface — median value of $226K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $819/mo on a $226K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24352 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Laurel Fork have seen price recovery that 24352 has not matched. Carroll County data supports the view that the spread is structural rather than temporary.
Demographically, 24352 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
tilts toward 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 Laurel Fork:
Market Trends
Home Value History (with trend line)
📊 How Does 24352 Compare?
| Metric | 24352 | Laurel Fork | Virginia |
|---|---|---|---|
| Home Value | $226,010 | $226,010 | $403,170 |
| 5-Year CAGR | 6.6% | 6.6% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24352 (Laurel Fork, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,010 |
| Monthly Rent | $819 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +22.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.8%). 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 24352
Population: 1,321
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
Frequently Asked Questions
What approach is best for Laurel Fork, VA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Laurel Fork, VA. The numbers - $226K homes against $819/mo rents - support that play.
Is rental property easy to operate in Laurel Fork, VA?
The landlord environment in Laurel Fork, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How deep is the rental pool in Laurel Fork, VA?
The tenant pool in Laurel Fork, VA is solid, supported by local employment and population fundamentals. Rents of $819/mo are well-absorbed by the market.
Can I house hack in Laurel Fork, VA?
Laurel Fork, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $226K price point reasonable to enter.
Is Laurel Fork in VA worth investing in?
Investors tracking Laurel Fork, VA will find a 3.0/5 rating supported by $226K median home values and $819/mo rents. That profile suits long-term holders targeting consistent returns.
You know 24352 now. You don’t know where it ranks.
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