Real Estate Investing in Wytheville, Virginia (24382)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24382 (Wytheville, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
What’s happening in Wytheville, VA (24382)?
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Market Analysis: 24382 Wytheville
The 24382 ZIP covers a section of Wytheville that demands careful diligence. Prices near $226K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24382 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 24382 sits on the difficult end of the VA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 24382 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. sturdy returns are possible in 24382, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wytheville:
Property Strategy for 24382
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,629 | $910 | 4.1% | +9.2% | $80,814 |
| 3BR | $230,230 | $1,220 | 3.8% | +8.4% | $76,743 |
| 4BR | $299,950 | $1,540 | 3.7% | +8.2% | $74,987 |
| 5BR | $379,174 | — | — | +6.9% | $75,835 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24382 Compare?
| Metric | 24382 | Wytheville | Virginia |
|---|---|---|---|
| Home Value | $225,651 | $225,651 | $403,170 |
| 5-Year CAGR | 6.4% | 6.4% | 6.4% |
| Avg Rent | $1,308 | $1,308 | - |
| Cap Rate | 4.5% | 4.5% | - |
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 24382 (Wytheville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,651 |
| Monthly Rent | $1,308 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.5%). 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 24382
Population: 14,751
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 24382
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 qualified is the tenant pool in Wytheville, VA?
Expect a solid tenant pool in Wytheville, VA. The rental market absorbs $1,308/mo rents without meaningful friction.
How does Wytheville, VA stack up for property investment?
Yes - Wytheville, VA a 3.0/5 investability score. With $226K home prices against $1,308/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do rentals sit vacant long in Wytheville, VA?
Expect elevated vacancy in Wytheville, VA. Rents at $1,308/mo are absorbed by the tenant base without meaningful lag.
Is rental property easy to operate in Wytheville, VA?
The landlord environment in Wytheville, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Can owner-occupants cash flow in Wytheville, VA?
Wytheville, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $226K price point reasonable to enter.
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Community Ratings
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