Real Estate Investing in Star Tannery, Virginia (22654)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22654 (Star Tannery, 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: 28.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.5 — hard to cash-flow at these prices.
• 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 Star Tannery, VA (22654)?
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Market Analysis: 22654 Star Tannery
ZIP 22654 inside Frederick County looks affordable on the surface — median value of $437K — but the discount exists for reasons that a careful buyer should understand before committing.
Looking more closely, the numbers look inviting — $437K purchase price, 0.0% nominal cap — the work to hit that pro forma in 22654 is substantial and deserves full respect.
Regionally, 22654 sits on the difficult end of the VA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 22654 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 22654 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 Star Tannery:
Property Strategy for 22654
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $350,935 | $1,420 | 2.9% | +7.7% | $175,468 |
| 3BR | $432,895 | $1,790 | 3.0% | +7.0% | $144,298 |
Market Trends
Home Value History (with trend line)
📊 How Does 22654 Compare?
| Metric | 22654 | Star Tannery | Winchester, VA-WV | Virginia |
|---|---|---|---|---|
| Home Value | $437,239 | $437,239 | N/A | $403,170 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 6.4% |
| Avg Rent | $1,278 | $1,278 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22654 (Star Tannery, VA). Anonymous, moderated, never written by AI.
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Property managers serving Frederick County
Manage rentals here? List your business →Asset Property Management, LLC specializes in residential property management services. summary from their website
REGENT Property Management & Concierge serves Winchester, VA, Frederick County, VA, Stephenson, VA, and Lake Frederick, VA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $437,239 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.3%). 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 22654
Population: 993
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
🎓 Nearby Colleges & Universities
Investor Insight: With 593 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What does house hacking look like in Star Tannery, VA?
House hacking works a challenging in Star Tannery, VA. Rents of $1,278/mo against $437K acquisition make the strategy solid for owner-occupants.
Is real estate in Star Tannery, VA a good investment right now?
Investors tracking Star Tannery, VA will find a 3.0/5 rating supported by $437K median home values and $1,278/mo rents. That profile suits long-term holders targeting measured returns.
Is the tenant base reliable in Star Tannery, VA?
Star Tannery, VA offers a stable renter base at the $1,278/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is VA a landlord-friendly state?
VA ranks as a landlord-friendly state for landlord-tenant law. Star Tannery generally follows the statewide framework, so landlords face reasonable operating rules.
Are rents high in Star Tannery, VA?
Average rent in Star Tannery, VA is approximately $1,278/mo per month. Against $437K home values that yields a reasonable rent-to-price ratio.
You know 22654 now. You don’t know where it ranks.
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How 22654 ranks in Winchester, VA-WV
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