Real Estate Investing in Weyers Cave, Virginia (24486)
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Should you buy in 24486 (Weyers Cave, 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 price-to-rent: Price-to-rent ratio 25.1 — 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 Weyers Cave, VA (24486)?
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Market Analysis: 24486 Weyers Cave
Investors eyeing 24486 need to respect the fundamentals at play. Home values of $355K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 24486 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 24486's metrics run below Augusta County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 24486 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 24486 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Weyers Cave:
Property Strategy for 24486
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $320,906 | $1,800 | 4.0% | +5.8% | $106,969 |
| 4BR | $380,716 | $2,090 | 4.0% | +6.1% | $95,179 |
Market Trends
Home Value History (with trend line)
📊 How Does 24486 Compare?
| Metric | 24486 | Weyers Cave | Staunton, VA | Virginia |
|---|---|---|---|---|
| Home Value | $355,456 | $355,456 | N/A | $403,170 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.4% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24486 (Weyers Cave, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,456 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.6%). 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 24486
Population: 3,444
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
Investor Insight: With 597 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Weyers Cave, VA?
With a 3.0/5 investability score, Weyers Cave, VA ranks as a solid market for rental property investors. Median prices of $355K and rents of $1,179/mo drive the underlying numbers.
Is it easy to find good tenants in Weyers Cave, VA?
Weyers Cave, VA offers a consistent renter base at the $1,179/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much is rent in Weyers Cave, VA?
Rental rates in Weyers Cave, VA average $1,179/mo. Tenant demand and $355K home values make the yield look reasonable by investor standards.
What kind of vacancy should I budget for in Weyers Cave, VA?
Expect elevated vacancy in Weyers Cave, VA. Rents at $1,179/mo are absorbed by the tenant base without meaningful lag.
What investment strategy works best in Weyers Cave, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Weyers Cave, VA. With home values at $355K and rents near $1,179/mo, other strategies can work but produce measured rather than outsized returns.
You know 24486 now. You don’t know where it ranks.
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How 24486 ranks in Staunton, VA
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