Real Estate Investing in Tyro, Virginia (24464)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24464 (Tyro, VA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 36.9% of homes vacant — above national norms.
- Lower household income: $34,383 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tyro, VA (24464)?
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Market Analysis: 24464 Tyro
The 24464 ZIP covers a section of Tyro that demands careful diligence. Prices near $364K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 24464 can be a an appealing option for hunting ground — but the discount at $364K reflects genuine risk that outside investors often underestimate.
ZIP 24464's metrics run below Nelson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A substantial renter share of 95% in 24464 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 24464, 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 Tyro:
Market Trends
Home Value History (with trend line)
📊 How Does 24464 Compare?
| Metric | 24464 | Tyro | Charlottesville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $363,609 | $326,535 | N/A | $403,170 |
| 5-Year CAGR | 3.8% | 5.2% | N/A | 6.4% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 3.0% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24464 (Tyro, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $363,609 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 24464
Population: 238
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
Frequently Asked Questions
Where do home prices stand in Tyro, VA?
Typical homes in Tyro, VA go for around $364K. The 5-year CAGR of 0.0% reliable price movement.
What is the typical vacancy rate in Tyro, VA?
Rental vacancy in Tyro, VA is elevated. Investors should budget normal turnover but not chronic empty units.
Does Tyro, VA make sense for an investment property?
Tyro, VA comes in at an investability rating of 3.0/5, with median home values near $364K and average rents around $1,404/mo. That combination puts it in the healthy tier for investor interest.
Does house hacking work in Tyro, VA?
The a challenging house-hack environment in Tyro, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the renter demographic in Tyro, VA?
The renter base in Tyro, VA is reasonable for the $1,404/mo price point. Screening well and pricing to market typically yields steady tenants.
You know 24464 now. You don’t know where it ranks.
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How 24464 ranks in Charlottesville, VA
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