Real Estate Investing in Center Cross, Virginia (22437)
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Should you buy in 22437 (Center Cross, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 44.6% of homes vacant — above national norms.
• 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 Center Cross, VA (22437)?
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Market Analysis: 22437 Center Cross
The 22437 ZIP covers a section of Center Cross that demands careful diligence. Prices near $310K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 22437 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 22437 sits on the difficult end of the VA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 22437 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 22437 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Center Cross:
Market Trends
Home Value History (with trend line)
📊 How Does 22437 Compare?
| Metric | 22437 | Center Cross | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $310,362 | $310,362 | N/A | $403,170 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.4% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22437 (Center Cross, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $310,362 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.7%). 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 22437
Population: 631
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 is the typical home price in Center Cross, VA?
In Center Cross, VA the median home value sits at $310K. Against the broader VA market, that reads as reasonable for most investors.
What kind of tenants rent in Center Cross, VA?
Center Cross, VA offers a even-keeled renter base at the $1,080/mo rent level. Tenant turnover is reasonable for well-managed properties.
What are rental rates like in Center Cross, VA?
Rental rates in Center Cross, VA average $1,080/mo. Tenant demand and $310K home values make the yield look reasonable by investor standards.
Is Center Cross, VA good for landlords?
Center Cross, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What type of investing works in Center Cross, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Center Cross, VA. With home values at $310K and rents near $1,080/mo, other strategies can work but produce even-keeled rather than outsized returns.
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How 22437 ranks in Richmond, VA
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