Real Estate Investing in Hurley, Virginia (24620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24620 (Hurley, 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: 24.8% of homes vacant — above national norms.
- Declining values: -2.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 9.7% in the last year.
- Elevated poverty: 25.8% 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 Hurley, VA (24620)?
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Market Analysis: 24620 Hurley
Homes in the 24620 ZIP trade near $69K, a discount that has historically rewarded investors willing to renovate. Rent comps near $819/mo support the pro forma.
Investors in 24620 do not buy the market average — they buy the unit they can improve. $69K median pricing and $819/mo comps define the envelope within which the work has to pay.
In Buchanan County, 24620 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
Household income in 24620 supports the rent-lift thesis. 2,539 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Hurley:
Property Strategy for 24620
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $53,994 | $910 | 12.1% | -2.1% | $26,997 |
| 3BR | $95,745 | $1,280 | 9.6% | +1.6% | $31,915 |
Market Trends
Home Value History (with trend line)
📊 How Does 24620 Compare?
| Metric | 24620 | Hurley | Virginia |
|---|---|---|---|
| Home Value | $68,710 | $68,710 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 9.3% | 9.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24620 (Hurley, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $68,710 |
| Monthly Rent | $819 |
| Price-to-Rent | 7.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.3% |
| Cap Rate | 9.3% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | -9.7% ▼ |
| 3-Year CAGR | -4.8% ▼ |
| 5-Year CAGR | -2.3% ▼ |
| 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 (9.3%) 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 24620
Population: 2,539
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 24620
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
Is Hurley, VA a good market for buy-and-hold investors?
Hurley, VA scores 4.0/5 for investability. Home values sit at $69K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does a duplex house hack pencil in Hurley, VA?
House hacking works an attractive in Hurley, VA. Rents of $819/mo against $69K acquisition make the strategy solid for owner-occupants.
How strong are rents in Hurley, VA?
Rent in Hurley, VA is around $819/mo. The resulting rent-to-value relationship with $69K pricing is reasonable for most investor models.
Does BRRRR pencil out in Hurley, VA?
BRRRR viability in Hurley, VA is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Is Hurley, VA a 1% rule market?
With rents of $819/mo on $69K homes, Hurley, VA close to the 1% rule for most properties. The actual rent-to-price ratio is 1.19%.
You know 24620 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24620 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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