Real Estate Investing in Long Island, Virginia (24569)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24569 (Long Island, 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: 28.7% 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 Long Island, VA (24569)?
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Market Analysis: 24569 Long Island
The 24569 ZIP in Long Island, VA is a local-operator market. Outside capital chasing a $175K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 24569 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 24569 and stronger Long Island ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 24569 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 24569 is an operator game, not a passive one. On balance, entry prices of $175K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Long Island:
Market Trends
Home Value History (with trend line)
📊 How Does 24569 Compare?
| Metric | 24569 | Long Island | Danville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $175,355 | $175,355 | N/A | $403,170 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 6.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24569 (Long Island, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,355 |
| Monthly Rent | $972 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 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 (4.3%). 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 24569
Population: 1,025
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
What is the typical rental rate in Long Island, VA?
The typical rental in Long Island, VA commands about $972/mo monthly. That rent profile measured cash flow against the $175K purchase basis.
What real estate strategy is ideal for Long Island, VA?
For Long Island, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much should I expect to pay for a home in Long Island, VA?
Expect median prices around $175K in Long Island, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What kind of market is Long Island, VA for investors?
Our data puts Long Island, VA at 3.0/5 for investability. Home prices of $175K and rents around $972/mo create a solid backdrop for investor activity.
How deep is the rental pool in Long Island, VA?
Expect a solid tenant pool in Long Island, VA. The rental market absorbs $972/mo rents without meaningful friction.
You know 24569 now. You don’t know where it ranks.
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How 24569 ranks in Danville, VA
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