Real Estate Investing in Heathsville, Virginia (22473)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22473 (Heathsville, 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: 43.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Heathsville, VA (22473)?
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Market Analysis: 22473 Heathsville
ZIP 22473 inside Northumberland County looks affordable on the surface — median value of $362K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 22473 is sturdy only for operators who understand what they are buying. A $362K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader VA picture, 22473 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 22473 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.
The 22473 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 Heathsville:
Property Strategy for 22473
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $413,770 | $1,280 | 2.2% | +8.3% | $137,923 |
| 4BR | $581,330 | $1,660 | 2.1% | +9.0% | $145,333 |
Market Trends
Home Value History (with trend line)
📊 How Does 22473 Compare?
| Metric | 22473 | Heathsville | Virginia |
|---|---|---|---|
| Home Value | $361,523 | $361,523 | $403,170 |
| 5-Year CAGR | 3.6% | 3.6% | 6.4% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22473 (Heathsville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $361,523 |
| Monthly Rent | $954 |
| Price-to-Rent | 31.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (2.1%). 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 22473
Population: 5,646
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 22473
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.
Frequently Asked Questions
What kind of market is Heathsville, VA for investors?
Heathsville, VA scores 3.0/5 for investability. Home values sit at $362K and rents near $954/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do landlord-tenant laws work in Heathsville, VA?
The landlord environment in Heathsville, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical rental rate in Heathsville, VA?
Rent in Heathsville, VA is around $954/mo. The resulting rent-to-value relationship with $362K pricing is reasonable for most investor models.
How should investors approach Heathsville, VA?
A careful cash-flow rentals with hands-on management strategy Heathsville, VA best. The market produces reliable results for that approach at the $362K price point.
What is the renter demographic in Heathsville, VA?
The renter base in Heathsville, VA is reasonable for the $954/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 22473 now. You don’t know where it ranks.
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