Real Estate Investing in Grundy, Virginia (24614)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24614 (Grundy, VA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.0% of homes vacant — above national norms.
- Declining values: -3.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 6.5% in the last year.
- Elevated poverty: 20.2% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Grundy, VA (24614)?
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Market Analysis: 24614 Grundy
Investors scanning Grundy, VA for forced-equity plays often land on the 24614 ZIP. A worth a close look for entry near $82K pairs with rents of $864/mo to widen the renovation window.
In 24614, the deal is made on the buy and on the capex. healthy entry prices of $82K leave room in the budget for light-to-medium renovation, with rent lift to match.
Regionally, 24614 sits on the affordable end of the Buchanan County map. Put differently, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
Demographically, 24614 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
ZIP 24614 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Grundy:
Property Strategy for 24614
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $56,153 | $960 | 12.3% | -2.2% | $28,076 |
| 3BR | $104,950 | $1,340 | 9.2% | +2.1% | $34,983 |
| 4BR | $169,322 | $1,570 | 6.7% | +4.9% | $42,330 |
Market Trends
Home Value History (with trend line)
📊 How Does 24614 Compare?
| Metric | 24614 | Grundy | Virginia |
|---|---|---|---|
| Home Value | $81,859 | $75,465 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $864 | $842 | - |
| Cap Rate | 8.2% | 8.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24614 (Grundy, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $81,859 |
| Monthly Rent | $864 |
| Price-to-Rent | 7.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.7% |
| Cap Rate | 8.2% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | -6.5% ▼ |
| 3-Year CAGR | -6.2% ▼ |
| 5-Year CAGR | -3.3% ▼ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 24614
Population: 6,992
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
🎓 Schools in 24614
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are rents high in Grundy, VA?
The typical rental in Grundy, VA commands about $864/mo monthly. That rent profile predictable cash flow against the $82K purchase basis.
Is Grundy, VA suited for a house hack?
Grundy, VA offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
Are homes affordable in Grundy, VA?
Homes in Grundy, VA typically sell near $82K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Can investors BRRRR in Grundy, VA?
Yes - BRRRR is a strong in Grundy, VA. The $82K home values and $864/mo rents anchor the refinance math.
Should investors consider Grundy, VA?
Our data puts Grundy, VA at 4.0/5 for investability. Home prices of $82K and rents around $864/mo create a solid backdrop for investor activity.
You know 24614 now. You don’t know where it ranks.
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