Real Estate Investing in Willis, Virginia (24380)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24380 (Willis, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.0% 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 Willis, VA (24380)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24380 Willis
Investors eyeing 24380 need to respect the fundamentals at play. Home values of $256K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 24380 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader VA picture, 24380 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 24380 ZIP's population of 2,998 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
New investors are better served looking at Willis's stable or hybrid ZIPs before stepping into 24380. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Willis:
Market Trends
Home Value History (with trend line)
📊 How Does 24380 Compare?
| Metric | 24380 | Willis | Virginia |
|---|---|---|---|
| Home Value | $255,537 | $255,537 | $403,170 |
| 5-Year CAGR | 7.4% | 7.4% | 6.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 24380 (Willis, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,537 |
| Monthly Rent | $873 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.7%). 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 24380
Population: 2,998
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 24380
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
How much should I expect to pay for a home in Willis, VA?
Typical homes in Willis, VA go for around $256K. The 5-year CAGR of 0.0% steady price movement.
What is the renter demographic in Willis, VA?
Willis, VA offers a reliable renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Willis, VA a friendly market for rental owners?
For rental operators, Willis, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What does house hacking look like in Willis, VA?
For house hackers, Willis, VA is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $256K property.
Which real estate strategy fits Willis, VA?
The best-fit strategy in Willis, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 24380 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24380 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.
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