Real Estate Investing in Fairfield, Virginia (24435)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24435 (Fairfield, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 36.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fairfield, VA (24435)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24435 Fairfield
Put differently, ZIP 24435 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $377K median. It rewards specialists, not generalists.
Rent of $855/mo on a $377K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 24435 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 24435 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 24435 includes headwinds that any investor should price in. Income distribution skews lower than Fairfield averages, and tenant stability requires active management.
Strategy in 24435 is an operator game, not a passive one. Turning to rents, entry prices of $377K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Fairfield:
Property Strategy for 24435
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,674 | $950 | 2.7% | +6.8% | $128,337 |
| 3BR | $357,622 | $1,320 | 2.7% | +6.6% | $119,207 |
| 4BR | $448,228 | $1,590 | 2.6% | +6.6% | $112,057 |
Market Trends
Home Value History (with trend line)
📊 How Does 24435 Compare?
| Metric | 24435 | Fairfield | Virginia |
|---|---|---|---|
| Home Value | $376,753 | $376,753 | $403,170 |
| 5-Year CAGR | 6.1% | 6.1% | 6.4% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 1.8% | 1.8% | - |
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 24435 (Fairfield, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 24435 (Fairfield, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $376,753 |
| Monthly Rent | $855 |
| Price-to-Rent | 36.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (1.8%). 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 24435
Population: 1,666
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 24435
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 does Fairfield, VA stack up for property investment?
The 3.0/5 investability rating in Fairfield, VA reflects its $377K prices and $855/mo rents. Investors generally consider it a solid option within VA.
How do home values compare in Fairfield, VA?
Median home price in Fairfield, VA is near $377K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Should investors worry about vacancy in Fairfield, VA?
Fairfield, VA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $855/mo.
Does a duplex house hack pencil in Fairfield, VA?
House hacking in Fairfield, VA is reasonable to execute. Prices around $377K and rents of $855/mo solid owner-occupant economics.
How do experienced investors play Fairfield, VA?
Fairfield, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($377K prices, $855/mo rents) make it a reasonable choice.
You know 24435 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24435 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.
AI Market Advisor
Ask questions about investing in 24435 (Fairfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 24435 (Fairfield, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.