Real Estate Investing in Milford, Virginia (22514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22514 (Milford, 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.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.9 — 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 Milford, VA (22514)?
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Market Analysis: 22514 Milford
ZIP 22514 in Milford, VA carries a substantial set of headwinds. Home values near $348K and rents of $1,080/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $348K asset, 22514 is the wrong submarket. If the plan prices in friction, the yield can still work.
From a cash-flow lens, 22514 offers a low basis, the region around Milford has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Put differently, 2,397 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 22514 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 Milford:
Property Strategy for 22514
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $231,478 | $1,200 | 3.7% | +7.1% | $115,739 |
| 3BR | $320,937 | $1,490 | 3.3% | +7.2% | $106,979 |
| 4BR | $430,795 | $1,870 | 3.1% | +6.9% | $107,699 |
Market Trends
Home Value History (with trend line)
📊 How Does 22514 Compare?
| Metric | 22514 | Milford | Virginia |
|---|---|---|---|
| Home Value | $348,409 | $361,278 | $403,170 |
| 5-Year CAGR | 6.7% | 6.4% | 6.4% |
| Avg Rent | $1,080 | $995 | - |
| Cap Rate | 2.4% | 2.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22514 (Milford, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $348,409 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +15.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.4%). 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 22514
Population: 2,397
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 22514
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
Is Milford, VA landlord-friendly?
Landlord-friendliness in Milford, VA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is the tenant base reliable in Milford, VA?
Milford, VA offers a even-keeled renter base at the $1,080/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the average home sale price in Milford, VA?
Milford, VA home values average about $348K. That price point suits investors targeting rentals with $1,080/mo in monthly income.
Is Milford, VA good for house hacking?
Milford, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $348K price point reasonable to enter.
What is the average monthly rent in Milford, VA?
Investors in Milford, VA typically see rents near $1,080/mo per month against $348K home values - a solid setup for rental cash flow.
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