Real Estate Investing in Callao, Virginia (22435)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22435 (Callao, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Callao, VA (22435)?
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Market Analysis: 22435 Callao
Investors eyeing 22435 need to respect the fundamentals at play. Home values of $243K come alongside slower price movement and elevated management overhead.
Rent of $1,125/mo on a $243K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 22435 sits below the stated 0.0% once reality is priced in.
Within VA, ZIP 22435 trails on several market indicators that neighboring Northumberland County submarkets outperform. The gap is real and durable enough to shape underwriting.
Who lives in 22435 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 22435 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Callao:
Market Trends
Home Value History (with trend line)
📊 How Does 22435 Compare?
| Metric | 22435 | Callao | Virginia |
|---|---|---|---|
| Home Value | $243,062 | $243,062 | $403,170 |
| 5-Year CAGR | 2.8% | 2.8% | 6.4% |
| Avg Rent | $1,125 | $1,125 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22435 (Callao, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,062 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 22435
Population: 2,447
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
Frequently Asked Questions
What are vacancy rates like in Callao, VA?
Callao, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Is Callao in VA worth investing in?
Our data puts Callao, VA at 3.0/5 for investability. Home prices of $243K and rents around $1,125/mo create a solid backdrop for investor activity.
How do home values compare in Callao, VA?
Homes in Callao, VA typically sell near $243K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Can owner-occupants cash flow in Callao, VA?
Callao, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,125/mo rent level.
Are tenants stable in Callao, VA?
Callao, VA draws a steady base of working renters. Demand at the $1,125/mo rent level is reasonable for standard single-family and small multi rentals.
You know 22435 now. You don’t know where it ranks.
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