Real Estate Investing in Saltville, Virginia (24370)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24370 (Saltville, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.3% 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 Saltville, VA (24370)?
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Market Analysis: 24370 Saltville
Looking more closely, ZIP 24370 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $125K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24370 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within VA, ZIP 24370 trails on several market indicators that neighboring Smyth County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Demographically, 24370 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.
Experienced landlords with local relationships tend to find 24370 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Saltville:
Property Strategy for 24370
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $80,523 | $940 | 8.4% | +4.8% | $40,261 |
| 3BR | $132,024 | $1,210 | 6.6% | +7.2% | $44,008 |
| 4BR | $162,305 | $1,430 | 6.3% | — | $40,576 |
Market Trends
Home Value History (with trend line)
📊 How Does 24370 Compare?
| Metric | 24370 | Saltville | Virginia |
|---|---|---|---|
| Home Value | $125,456 | $125,456 | $403,170 |
| 5-Year CAGR | 5.4% | 5.4% | 6.4% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 5.3% | 5.3% | - |
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 24370 (Saltville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $125,456 |
| Monthly Rent | $846 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 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 (5.3%). 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 24370
Population: 5,740
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 24370
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 is the tenant pool like in Saltville, VA?
Saltville, VA offers a even-keeled renter base at the $846/mo rent level. Tenant turnover is reasonable for well-managed properties.
What real estate strategy is ideal for Saltville, VA?
A careful cash-flow rentals with hands-on management strategy Saltville, VA best. The market produces even-keeled results for that approach at the $125K price point.
How much does a house cost in Saltville, VA?
Saltville, VA home values average about $125K. That price point suits investors targeting rentals with $846/mo in monthly income.
Is Saltville, VA a good market for FHA house hackers?
The a challenging house-hack environment in Saltville, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Does Saltville, VA favor landlords or tenants?
VA ranks as a landlord-friendly state for landlord-tenant law. Saltville generally follows the statewide framework, so landlords face reasonable operating rules.
You know 24370 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24370 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 24370 ranks in Kingsport-Bristol, TN-VA
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