Real Estate Investing in Jewell Ridge, Virginia (24634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24634 (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: 41.8% of homes vacant — above national norms.
- Declining values: -3.9% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 10.0% in the last year.
- Elevated poverty: 35.4% poverty rate — can affect rent collection.
• 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 (24634)?
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Market Analysis: 24634 Jewell Ridge
ZIP 24634 inside Jewell Ridge, VA leans into a value-add thesis. Home values near $80K sit below the state median, and rents of $936/mo leave room for forced-equity plays.
Investors in 24634 do not buy the market average — they buy the unit they can improve. $80K median pricing and $936/mo comps define the envelope within which the work has to pay.
Across Jewell Ridge, pockets like 24634 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
A renter-heavy, wage-earner demographic anchors 24634. Value-add players rely on that mix — the 4% share is both the tenant source and the buyer pool for future owner-occupied exits.
BRRRR is the most natural fit. Buy under $80K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Jewell Ridge:
Market Trends
Home Value History (with trend line)
📊 How Does 24634 Compare?
| Metric | 24634 | Jewell Ridge | Virginia |
|---|---|---|---|
| Home Value | $79,551 | $67,891 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $936 | $932 | - |
| Cap Rate | 9.2% | 11.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24634 (Jewell Ridge, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $79,551 |
| Monthly Rent | $936 |
| Price-to-Rent | 7.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.1% |
| Cap Rate | 9.2% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | -10.0% ▼ |
| 3-Year CAGR | -8.1% ▼ |
| 5-Year CAGR | -3.9% ▼ |
| 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 (9.2%) 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 24634
Population: 440
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 24634
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
What is the average monthly rent in Jewell Ridge, VA?
Investors in Jewell Ridge, VA typically see rents near $936/mo per month against $80K home values - a solid setup for rental cash flow.
Is the 1% rule achievable in Jewell Ridge, VA?
The 1% rule is solid territory for Jewell Ridge, VA. Rent-to-price at the median is 1.18%, putting many properties within striking distance.
Can I house hack in Jewell Ridge, VA?
House hacking in Jewell Ridge, VA is an attractive. With home values around $80K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.
Are there BRRRR deals in Jewell Ridge, VA?
BRRRR works a strong in Jewell Ridge, VA. With $80K ARVs and $936/mo rents, investors who buy right can refinance out most of their capital.
What is the smart move for investors in Jewell Ridge, VA?
A value-add and BRRRR deals strategy Jewell Ridge, VA best. The market produces consistent results for that approach at the $80K price point.
You know 24634 now. You don’t know where it ranks.
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