Real Estate Investing in Greenville, Virginia (24440)
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Should you buy in 24440 (Greenville, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Greenville, VA (24440)?
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Market Analysis: 24440 Greenville
On balance, ZIP 24440 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $345K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24440 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader VA picture, 24440 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A impressive renter share of 14% in 24440 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 24440 is an operator game, not a passive one. On balance, entry prices of $345K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Greenville:
Market Trends
Home Value History (with trend line)
📊 How Does 24440 Compare?
| Metric | 24440 | Greenville | Staunton, VA | Virginia |
|---|---|---|---|---|
| Home Value | $345,251 | $345,251 | N/A | $403,170 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 6.4% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24440 (Greenville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $345,251 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 24440
Population: 2,496
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Greenville, VA a good investment right now?
Our data puts Greenville, VA at 3.0/5 for investability. Home prices of $345K and rents around $1,197/mo create a solid backdrop for investor activity.
How high is vacancy risk in Greenville, VA?
Greenville, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
What is the typical rental rate in Greenville, VA?
Rent in Greenville, VA is around $1,197/mo. The resulting rent-to-value relationship with $345K pricing is reasonable for most investor models.
Can I house hack in Greenville, VA?
House hacking in Greenville, VA is a challenging. With home values around $345K and rents at $1,197/mo, owner-occupants can offset a meaningful share of PITI.
How strong is tenant demand in Greenville, VA?
The tenant pool in Greenville, VA is solid, supported by local employment and population fundamentals. Rents of $1,197/mo are well-absorbed by the market.
You know 24440 now. You don’t know where it ranks.
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How 24440 ranks in Staunton, VA
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