Real Estate Investing in Kilmarnock, Virginia (22482)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22482 (Kilmarnock, 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: 21.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.0 — 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 Kilmarnock, VA (22482)?
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Market Analysis: 22482 Kilmarnock
Put differently, ZIP 22482 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $366K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $366K purchase price, 0.0% nominal cap — the work to hit that pro forma in 22482 is substantial and deserves full respect.
From an investor standpoint, 22482 offers a low basis, the region around Kilmarnock has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 22482 ZIP's population of 3,171 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The right play in 22482 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 Kilmarnock:
Property Strategy for 22482
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,163 | $1,130 | 3.3% | +10.3% | $121,582 |
| 3BR | $335,446 | $1,470 | 3.2% | +8.5% | $111,815 |
| 4BR | $566,683 | $1,830 | 2.3% | +8.8% | $141,671 |
Market Trends
Home Value History (with trend line)
📊 How Does 22482 Compare?
| Metric | 22482 | Kilmarnock | Virginia |
|---|---|---|---|
| Home Value | $365,608 | $365,608 | $403,170 |
| 5-Year CAGR | 4.3% | 4.3% | 6.4% |
| Avg Rent | $1,017 | $1,017 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22482 (Kilmarnock, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $365,608 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.2%). 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 22482
Population: 3,171
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 22482
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
Does Kilmarnock, VA make sense for an investment property?
Kilmarnock, VA rates 3.0/5 for investability. With median values at $366K and rents near $1,017/mo, the market offers reasonable fundamentals for rental investors.
What is the average monthly rent in Kilmarnock, VA?
Rents in Kilmarnock, VA run near $1,017/mo. Compared with median home prices of $366K that produces solid gross yields for typical rentals.
What is the average home sale price in Kilmarnock, VA?
Homes in Kilmarnock, VA typically sell near $366K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How tight is the rental market in Kilmarnock, VA?
Expect elevated vacancy in Kilmarnock, VA. Rents at $1,017/mo are absorbed by the tenant base without meaningful lag.
What investment strategy works best in Kilmarnock, VA?
For Kilmarnock, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 22482 now. You don’t know where it ranks.
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