Real Estate Investing in Rural Retreat, Virginia (24368)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24368 (Rural Retreat, 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: 14.1% 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 Rural Retreat, VA (24368)?
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Market Analysis: 24368 Rural Retreat
The 24368 ZIP in Rural Retreat, VA is a local-operator market. Outside capital chasing a $212K entry has to pair deep knowledge with the discount.
For an experienced owner, 24368 can be a worth a close look for hunting ground — but the discount at $212K reflects genuine risk that outside investors often underestimate.
In the broader VA picture, 24368 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Put differently, 5,372 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 24368 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 Rural Retreat:
Property Strategy for 24368
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,252 | $910 | 4.2% | +8.2% | $77,126 |
| 3BR | $217,708 | $1,220 | 4.0% | +7.9% | $72,569 |
| 4BR | $271,241 | $1,520 | 4.0% | +8.3% | $67,810 |
Market Trends
Home Value History (with trend line)
📊 How Does 24368 Compare?
| Metric | 24368 | Rural Retreat | Virginia |
|---|---|---|---|
| Home Value | $211,827 | $211,827 | $403,170 |
| 5-Year CAGR | 6.0% | 6.0% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 24368 (Rural Retreat, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,827 |
| Monthly Rent | $819 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.0%). 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 24368
Population: 5,372
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 24368
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
How strong is Rural Retreat, VA for real estate investors?
Rural Retreat, VA scores 3.0/5 for investability. Home values sit at $212K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much is rent in Rural Retreat, VA?
Rural Retreat, VA rentals go for roughly $819/mo a month. That puts gross yield in solid territory relative to $212K acquisition costs.
How qualified is the tenant pool in Rural Retreat, VA?
The tenant pool in Rural Retreat, VA is solid, supported by local employment and population fundamentals. Rents of $819/mo are well-absorbed by the market.
How tight is the rental market in Rural Retreat, VA?
Vacancy risk in Rural Retreat, VA is elevated. That supports reliable cash flow for typical rental holds.
How do landlord-tenant laws work in Rural Retreat, VA?
VA law landlord-friendly for landlords, and Rural Retreat inherits those rules. Investors should still review local ordinances for rental licensing.
You know 24368 now. You don’t know where it ranks.
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