Real Estate Investing in Callands, Virginia (24530)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24530 (Callands, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.5% of homes vacant — above national norms.
- Elevated poverty: 46.0% poverty rate — can affect rent collection.
- Lower household income: $33,064 median — tenant affordability is tighter.
• 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 Callands, VA (24530)?
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Market Analysis: 24530 Callands
Turning to rents, ZIP 24530 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $146K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 24530 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 24530 sits on the difficult end of the VA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 24530 includes headwinds that any investor should price in. Income distribution skews lower than Callands averages, and tenant stability requires active management.
Strategy in 24530 is an operator game, not a passive one. On balance, entry prices of $146K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Callands:
Market Trends
Home Value History (with trend line)
📊 How Does 24530 Compare?
| Metric | 24530 | Callands | Danville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $146,292 | $146,292 | N/A | $403,170 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.4% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24530 (Callands, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,292 |
| Monthly Rent | $855 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (4.6%). 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 24530
Population: 749
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 expensive is real estate in Callands, VA?
Homes in Callands, VA typically sell near $146K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
What kind of tenants rent in Callands, VA?
Tenant demand in Callands, VA is solid. The local workforce $855/mo rents across most rental classes.
How strong are rents in Callands, VA?
Rent in Callands, VA is around $855/mo. The resulting rent-to-value relationship with $146K pricing is reasonable for most investor models.
Is Callands, VA good for landlords?
Rental owners in Callands, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How do experienced investors play Callands, VA?
Callands, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($146K prices, $855/mo rents) make it a reasonable choice.
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