Real Estate Investing in Glasgow, Virginia (24555)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24555 (Glasgow, 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: 12.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Glasgow, VA (24555)?
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Market Analysis: 24555 Glasgow
This part of Rockbridge County is not an easy win. The 24555 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24555 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader VA picture, 24555 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Meanwhile, 2,220 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Glasgow's stable or hybrid ZIPs before stepping into 24555. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Glasgow:
Property Strategy for 24555
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,681 | $910 | 4.3% | +4.9% | $76,840 |
| 3BR | $222,448 | $1,280 | 4.1% | +6.4% | $74,149 |
Market Trends
Home Value History (with trend line)
📊 How Does 24555 Compare?
| Metric | 24555 | Glasgow | Virginia |
|---|---|---|---|
| Home Value | $221,267 | $221,267 | $403,170 |
| 5-Year CAGR | 4.5% | 4.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 24555 (Glasgow, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,267 |
| Monthly Rent | $819 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.9%). 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 24555
Population: 2,220
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
Is Glasgow, VA landlord-friendly?
VA ranks as a landlord-friendly state for landlord-tenant law. Glasgow generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Glasgow, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Glasgow, VA. With home values at $221K and rents near $819/mo, other strategies can work but produce predictable rather than outsized returns.
Is the tenant base reliable in Glasgow, VA?
The renter base in Glasgow, VA is reasonable for the $819/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is real estate in Glasgow, VA a good investment right now?
Glasgow, VA scores 3.0/5 for investability. Home values sit at $221K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How expensive is real estate in Glasgow, VA?
Median home price in Glasgow, VA is near $221K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 24555 now. You don’t know where it ranks.
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