Real Estate Investing in Craigsville, Virginia (24430)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24430 (Craigsville, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.0% 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 Craigsville, VA (24430)?
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Market Analysis: 24430 Craigsville
ZIP 24430 inside Augusta County looks affordable on the surface — median value of $175K — but the discount exists for reasons that a careful buyer should understand before committing.
The 24430 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 24430 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 24430 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 24430 is an operator game, not a passive one. Stepping back, entry prices of $175K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Craigsville:
Market Trends
Home Value History (with trend line)
📊 How Does 24430 Compare?
| Metric | 24430 | Craigsville | Staunton, VA | Virginia |
|---|---|---|---|---|
| Home Value | $174,958 | $174,958 | N/A | $403,170 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.4% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24430 (Craigsville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,958 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (4.7%). 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 24430
Population: 3,300
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 24430
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 strong are rents in Craigsville, VA?
Expect rents around $1,044/mo per month in Craigsville, VA. With home values at $175K, the yield math works out to reasonable levels for rental investors.
What is the typical vacancy rate in Craigsville, VA?
Rental vacancy in Craigsville, VA is elevated. Investors should budget normal turnover but not chronic empty units.
Is Craigsville in VA worth investing in?
Craigsville, VA scores 3.0/5 for investability. Home values sit at $175K and rents near $1,044/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is it like being a landlord in Craigsville, VA?
Landlord-friendliness in Craigsville, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the median home value in Craigsville, VA?
Craigsville, VA median home values land near $175K. That is reasonable territory for investors looking at $1,044/mo-per-month rentals.
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