Real Estate Investing in Jewell Ridge, Virginia (24622)
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Should you buy in 24622 (Jewell Ridge, 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: 52.1% of homes vacant — above national norms.
- Declining values: -1.0% 5-year CAGR — values have moved lower.
- Lower household income: $33,750 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 Jewell Ridge, VA (24622)?
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Market Analysis: 24622 Jewell Ridge
The 24622 ZIP in Jewell Ridge is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $56K are approachable, and upside sits in the rehab line.
BRRRR works in 24622 because the math supports it. Buy at $56K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Statewide, VA value-add investors migrate toward ZIPs with 24622's profile — older stock, soft but real rent growth, and $56K pricing that keeps rehab math workable.
The a strong candidate for angle on demographics here is renter willingness to pay a premium for renovated product. The 10% rental share provides scale for the strategy.
The solid opportunity in 24622 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Jewell Ridge:
Market Trends
Home Value History (with trend line)
📊 How Does 24622 Compare?
| Metric | 24622 | Jewell Ridge | Bluefield, WV-VA | Virginia |
|---|---|---|---|---|
| Home Value | $56,231 | $67,891 | N/A | $403,170 |
| 5-Year CAGR | N/A | N/A | N/A | 6.4% |
| Avg Rent | $927 | $932 | N/A | - |
| Cap Rate | 12.9% | 11.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
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📊 Market Snapshot
| Home Value | $56,231 |
| Monthly Rent | $927 |
| Price-to-Rent | 5.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 19.8% |
| Cap Rate | 12.9% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -3.5% ▼ |
| 5-Year CAGR | -1.0% ▼ |
| 10-Year CAGR | +2.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (12.9%) 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 24622
Population: 606
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 Jewell Ridge, VA a good market for FHA house hackers?
House hacking in Jewell Ridge, VA is an attractive. With home values around $56K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
How well does BRRRR work in Jewell Ridge, VA?
Jewell Ridge, VA BRRRR deals are a strong. With proper buy-side discipline, operators can recycle most of their capital post-refinance.
How much is rent in Jewell Ridge, VA?
Average rent in Jewell Ridge, VA is approximately $927/mo per month. Against $56K home values that yields a reasonable rent-to-price ratio.
Are homes affordable in Jewell Ridge, VA?
Expect median prices around $56K in Jewell Ridge, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How strong is Jewell Ridge, VA for real estate investors?
Investors tracking Jewell Ridge, VA will find a 4.0/5 rating supported by $56K median home values and $927/mo rents. That profile suits long-term holders targeting stable returns.
You know 24622 now. You don’t know where it ranks.
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How 24622 ranks in Bluefield, WV-VA
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