Real Estate Investing in Vesuvius, Virginia (24483)
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Should you buy in 24483 (Vesuvius, 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.
- High vacancy: 20.4% of homes vacant — above national norms.
• 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 Vesuvius, VA (24483)?
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Market Analysis: 24483 Vesuvius
ZIP 24483 in Vesuvius, VA carries a impressive set of headwinds. Home values near $318K and rents of $1,404/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 24483 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From an investor standpoint, 24483 offers a low basis, the region around Vesuvius has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 24483 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. resilient returns are possible in 24483, 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 Vesuvius:
Property Strategy for 24483
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $271,487 | $1,560 | 4.1% | +7.8% | $135,743 |
| 3BR | $343,391 | $1,940 | 4.1% | +6.8% | $114,464 |
Market Trends
Home Value History (with trend line)
📊 How Does 24483 Compare?
| Metric | 24483 | Vesuvius | Lynchburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $317,662 | $317,662 | N/A | $403,170 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.4% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24483 (Vesuvius, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $317,662 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.5%). 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 24483
Population: 704
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
Where do rents currently stand in Vesuvius, VA?
Investors in Vesuvius, VA typically see rents near $1,404/mo per month against $318K home values - a solid setup for rental cash flow.
Are renters plentiful in Vesuvius, VA?
Working renters make up the core of the Vesuvius, VA tenant base. The pool is reasonable for investors targeting long-term holds.
How much does a house cost in Vesuvius, VA?
In Vesuvius, VA the median home value sits at $318K. Against the broader VA market, that reads as reasonable for most investors.
Can I live-in-and-rent in Vesuvius, VA?
House hacking in Vesuvius, VA is a challenging. With home values around $318K and rents at $1,404/mo, owner-occupants can offset a meaningful share of PITI.
Are eviction rules reasonable in Vesuvius, VA?
For rental operators, Vesuvius, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 24483 now. You don’t know where it ranks.
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How 24483 ranks in Lynchburg, VA
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