Real Estate Investing in Swoope, Virginia (24479)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24479 (Swoope, 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.
- High price-to-rent: Price-to-rent ratio 29.0 — 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 Swoope, VA (24479)?
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Market Analysis: 24479 Swoope
Turning to rents, ZIP 24479 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $398K median. It rewards specialists, not generalists.
The investment case in 24479 is solid only for operators who understand what they are buying. A $398K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 24479 and stronger Swoope ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 24479 ZIP's population of 1,957 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategy in 24479 is an operator game, not a passive one. Put differently, entry prices of $398K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Swoope:
Market Trends
Home Value History (with trend line)
📊 How Does 24479 Compare?
| Metric | 24479 | Swoope | Staunton, VA | Virginia |
|---|---|---|---|---|
| Home Value | $397,517 | $397,517 | N/A | $403,170 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.4% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24479 (Swoope, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $397,517 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.2%). 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 24479
Population: 1,957
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 24479
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
What kind of vacancy should I budget for in Swoope, VA?
Rental vacancy in Swoope, VA is elevated. Investors should budget normal turnover but not chronic empty units.
What strategy should investors use in Swoope, VA?
In Swoope, VA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $398K prices and $1,143/mo rents suits that approach.
Should investors consider Swoope, VA?
Swoope, VA stands at an investability rating of 3.0/5, with median home values near $398K and average rents around $1,143/mo. That combination puts it in the notable tier for investor interest.
How landlord-friendly is Swoope, VA?
VA law landlord-friendly for landlords, and Swoope inherits those rules. Investors should still review local ordinances for rental licensing.
Where do rents currently stand in Swoope, VA?
Rent in Swoope, VA is around $1,143/mo. The resulting rent-to-value relationship with $398K pricing is reasonable for most investor models.
You know 24479 now. You don’t know where it ranks.
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