Real Estate Investing in Castleton, Virginia (22716)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22716 (Castleton, VA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 40.2 — 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 Castleton, VA (22716)?
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Market Analysis: 22716 Castleton
From an investor standpoint, ZIP 22716 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $604K median. It rewards specialists, not generalists.
The investment case in 22716 is sturdy only for operators who understand what they are buying. A $604K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Castleton have seen price recovery that 22716 has not matched. Rappahannock County data supports the view that the spread is structural rather than temporary.
Put differently, 1,066 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.
Experienced landlords with local relationships tend to find 22716 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Castleton:
Property Strategy for 22716
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $485,411 | $1,390 | 2.1% | +4.8% | $242,705 |
| 3BR | $582,890 | $1,740 | 2.1% | +6.6% | $194,297 |
Market Trends
Home Value History (with trend line)
📊 How Does 22716 Compare?
| Metric | 22716 | Castleton | Virginia |
|---|---|---|---|
| Home Value | $603,824 | $603,824 | $403,170 |
| 5-Year CAGR | 3.8% | 3.8% | 6.4% |
| Avg Rent | $1,251 | $1,251 | - |
| Cap Rate | 1.6% | 1.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22716 (Castleton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $603,824 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 40.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.6% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (1.6%). 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 22716
Population: 1,066
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
Frequently Asked Questions
How do experienced investors play Castleton, VA?
Most investors in Castleton, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Does Castleton, VA favor landlords or tenants?
VA ranks as a landlord-friendly state for landlord-tenant law. Castleton generally follows the statewide framework, so landlords face reasonable operating rules.
Are homes affordable in Castleton, VA?
Homes in Castleton, VA typically sell near $604K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How tight is the rental market in Castleton, VA?
Castleton, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Castleton, VA suited for a house hack?
Castleton, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,251/mo rent level.
You know 22716 now. You don’t know where it ranks.
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