Real Estate Investing in Raven, Virginia (24649)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24649 (Raven, 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: 25.6% of homes vacant — above national norms.
- Higher unemployment: 8.5% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Raven, VA (24649)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24649 Raven
Not every below-median market is a bargain. Raven's 24649 ZIP shows signals that favor experienced operators who can absorb the risk $86K pricing implies.
For an experienced owner, 24649 can be a a strong candidate for hunting ground — but the discount at $86K reflects genuine risk that outside investors often underestimate.
Within VA, ZIP 24649 trails on several market indicators that neighboring Russell County submarkets outperform. The gap is real and robust enough to shape underwriting.
Employment concentration in 24649 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 24649 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Raven:
Property Strategy for 24649
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $59,741 | $910 | 11.0% | +5.3% | $29,870 |
| 3BR | $111,298 | $1,190 | 7.7% | +5.4% | $37,099 |
Market Trends
Home Value History (with trend line)
📊 How Does 24649 Compare?
| Metric | 24649 | Raven | Virginia |
|---|---|---|---|
| Home Value | $85,935 | $85,912 | $403,170 |
| 5-Year CAGR | 2.6% | 0.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 7.4% | 7.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24649 (Raven, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $85,935 |
| Monthly Rent | $819 |
| Price-to-Rent | 8.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 24649
Population: 1,882
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 24649
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 real estate in Raven, VA a good investment right now?
Raven, VA comes in at an investability rating of 3.0/5, with median home values near $86K and average rents around $819/mo. That combination puts it in the durable tier for investor interest.
How do home values compare in Raven, VA?
Raven, VA median home values land near $86K. That is reasonable territory for investors looking at $819/mo-per-month rentals.
Where do rents currently stand in Raven, VA?
Raven, VA rentals go for roughly $819/mo a month. That puts gross yield in solid territory relative to $86K acquisition costs.
Are renters plentiful in Raven, VA?
Tenant demand in Raven, VA is solid. The local workforce $819/mo rents across most rental classes.
What investment strategy works best in Raven, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Raven, VA. The numbers - $86K homes against $819/mo rents - support that play.
You know 24649 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24649 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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