Real Estate Investing in Hot Springs, Virginia (24445)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24445 (Hot Springs, 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: 36.3% 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 Hot Springs, VA (24445)?
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Market Analysis: 24445 Hot Springs
Investors eyeing 24445 need to respect the fundamentals at play. Home values of $232K come alongside slower price movement and elevated management overhead.
The 24445 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On balance, 24445 offers a low basis, the region around Hot Springs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 24445 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Hot Springs's stable or hybrid ZIPs before stepping into 24445. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hot Springs:
Property Strategy for 24445
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,166 | $980 | 5.2% | +4.6% | $67,583 |
| 3BR | $226,202 | $1,200 | 3.8% | +5.3% | $75,401 |
| 4BR | $330,110 | $1,530 | 3.3% | +5.7% | $82,528 |
Market Trends
Home Value History (with trend line)
📊 How Does 24445 Compare?
| Metric | 24445 | Hot Springs | Virginia |
|---|---|---|---|
| Home Value | $231,732 | $231,732 | $403,170 |
| 5-Year CAGR | 3.4% | 3.4% | 6.4% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 24445 (Hot Springs, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,732 |
| Monthly Rent | $882 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 (3.0%). 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 24445
Population: 2,395
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 24445
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 Hot Springs, VA stack up for property investment?
Hot Springs, VA stands at an investability rating of 3.0/5, with median home values near $232K and average rents around $882/mo. That combination puts it in the durable tier for investor interest.
How quickly do rentals get leased in Hot Springs, VA?
Vacancy risk in Hot Springs, VA is elevated. That supports steady cash flow for typical rental holds.
How much is rent in Hot Springs, VA?
Rents in Hot Springs, VA run near $882/mo. Compared with median home prices of $232K that produces solid gross yields for typical rentals.
What does house hacking look like in Hot Springs, VA?
The a challenging house-hack environment in Hot Springs, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much should I expect to pay for a home in Hot Springs, VA?
Expect median prices around $232K in Hot Springs, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
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