Real Estate Investing in Marion, Virginia (24354)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24354 (Marion, 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: 13.8% 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 Marion, VA (24354)?
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Market Analysis: 24354 Marion
Investors eyeing 24354 need to respect the fundamentals at play. Home values of $167K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 24354 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 24354 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 24354 includes headwinds that any investor should price in. Income distribution skews lower than Marion averages, and tenant stability requires active management.
The 24354 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Marion:
Property Strategy for 24354
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $102,811 | $910 | 6.4% | +4.7% | $51,406 |
| 3BR | $167,589 | $1,200 | 5.2% | +7.9% | $55,863 |
| 4BR | $233,413 | $1,440 | 4.4% | +8.3% | $58,353 |
| 5BR | $276,802 | — | — | — | $55,360 |
Market Trends
Home Value History (with trend line)
📊 How Does 24354 Compare?
| Metric | 24354 | Marion | Virginia |
|---|---|---|---|
| Home Value | $167,315 | $167,315 | $403,170 |
| 5-Year CAGR | 6.5% | 6.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 24354 (Marion, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,315 |
| Monthly Rent | $819 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.8%). 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 24354
Population: 12,984
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 24354
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
What are vacancy rates like in Marion, VA?
Vacancy in Marion, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $819/mo.
Is the tenant base reliable in Marion, VA?
Tenant demand in Marion, VA is solid. The local workforce $819/mo rents across most rental classes.
What is the typical home price in Marion, VA?
In Marion, VA the median home value sits at $167K. Against the broader VA market, that reads as reasonable for most investors.
Is house hacking profitable in Marion, VA?
House hacking in Marion, VA is reasonable to execute. Prices around $167K and rents of $819/mo solid owner-occupant economics.
What strategy should investors use in Marion, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Marion, VA. With home values at $167K and rents near $819/mo, other strategies can work but produce consistent rather than outsized returns.
You know 24354 now. You don’t know where it ranks.
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