Real Estate Investing in Warm Springs, Virginia (24484)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24484 (Warm 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: 61.1% 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 Warm Springs, VA (24484)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24484 Warm Springs
Meanwhile, ZIP 24484 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $241K median. It rewards specialists, not generalists.
For an experienced owner, 24484 can be a a credible choice for hunting ground — but the discount at $241K reflects genuine risk that outside investors often underestimate.
Within VA, ZIP 24484 trails on several market indicators that neighboring Bath County submarkets outperform. The gap is real and solid enough to shape underwriting.
The demographic picture in 24484 includes headwinds that any investor should price in. Income distribution skews lower than Warm Springs averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 24484 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Warm Springs:
Property Strategy for 24484
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $160,472 | $910 | 4.1% | +5.7% | $80,236 |
| 3BR | $262,901 | $1,200 | 3.3% | +5.3% | $87,634 |
Market Trends
Home Value History (with trend line)
📊 How Does 24484 Compare?
| Metric | 24484 | Warm Springs | Virginia |
|---|---|---|---|
| Home Value | $240,861 | $240,861 | $403,170 |
| 5-Year CAGR | 2.9% | 2.9% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 24484 (Warm Springs, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 24484 (Warm Springs, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $240,861 |
| Monthly Rent | $819 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 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 (2.7%). 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 24484
Population: 530
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
How does Warm Springs, VA stack up for property investment?
Yes - Warm Springs, VA a 3.0/5 investability score. With $241K home prices against $819/mo monthly rent, the market delivers a reasonable entry point for new investors.
What are rental rates like in Warm Springs, VA?
Average rent in Warm Springs, VA is approximately $819/mo per month. Against $241K home values that yields a reasonable rent-to-price ratio.
Is house hacking profitable in Warm Springs, VA?
House hacking works a challenging in Warm Springs, VA. Rents of $819/mo against $241K acquisition make the strategy solid for owner-occupants.
How should investors approach Warm Springs, VA?
In Warm Springs, VA the solid play is typically careful cash-flow rentals with hands-on management. The combination of $241K prices and $819/mo rents suits that approach.
How tight is the rental market in Warm Springs, VA?
Warm Springs, VA carries elevated vacancy risk. Expect measured absorption at market rents of $819/mo.
You know 24484 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24484 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 24484 (Warm Springs)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 24484 (Warm Springs, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.