Real Estate Investing in Verona, Virginia (24482)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24482 (Verona, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
What’s happening in Verona, VA (24482)?
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Market Analysis: 24482 Verona
ZIP 24482 in Verona, VA carries a healthy set of headwinds. Home values near $321K and rents of $1,288/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 24482 can be a a solid fit for hunting ground — but the discount at $321K reflects genuine risk that outside investors often underestimate.
In the broader VA picture, 24482 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 24482 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 24482 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Verona:
Property Strategy for 24482
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $289,847 | $1,760 | 4.4% | +6.6% | $96,616 |
| 4BR | $388,946 | $1,970 | 3.6% | +6.6% | $97,237 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24482 Compare?
| Metric | 24482 | Verona | Staunton, VA | Virginia |
|---|---|---|---|---|
| Home Value | $320,897 | $320,897 | N/A | $403,170 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.4% |
| Avg Rent | $1,288 | $1,288 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 24482 (Verona, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,897 |
| Monthly Rent | $1,288 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.1%). 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 24482
Population: 5,331
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
What is the median home value in Verona, VA?
Verona, VA home values average about $321K. That price point suits investors targeting rentals with $1,288/mo in monthly income.
What is the tenant pool like in Verona, VA?
Working renters make up the core of the Verona, VA tenant base. The pool is reasonable for investors targeting long-term holds.
How viable is house hacking in Verona, VA?
Verona, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $321K price point reasonable to enter.
How strong is Verona, VA for real estate investors?
Investors tracking Verona, VA will find a 3.0/5 rating supported by $321K median home values and $1,288/mo rents. That profile suits long-term holders targeting measured returns.
Is Verona, VA good for landlords?
Verona, VA operates under VA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 24482 now. You don’t know where it ranks.
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How 24482 ranks in Staunton, VA
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