Real Estate Investing in Midland, Virginia (22728)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Fauquier County • Population: 3,214 • Data updated: September 2026

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Should you buy in 22728 (Midland, VA)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (47/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 10.7% vacancy may signal weakening demand.
  • High price-to-rent: Price-to-rent ratio 45.2 — 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 Midland, VA (22728)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $619,728
Avg Monthly Rent $1,143
1% Rule ✗ Does Not Meet
Median Income $100,776
% Renters 15.6%

Market Analysis: 22728 Midland

ZIP 22728 inside Fauquier County looks affordable on the surface — median value of $620K — but the discount exists for reasons that a careful buyer should understand before committing.

The 22728 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.

In the broader VA picture, 22728 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.

Resident income in 22728 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

Experienced landlords with local relationships tend to find 22728 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Midland:

C Below Average
Buy Confidence Score: 57/100
Affordability
5/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 6.1× the median income
Value Trend
Rising (+6.1%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,143/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.
🏠

Property Strategy for 22728

Which property type performs best in this market?

Best for Cash Flow
2BR
2.3% cap rate
Best for Appreciation
4BR
+7.6% 5yr CAGR
Best Overall Value
4BR
$177,098/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $393,703 $1,270 2.3% +6.0% $196,851
3BR $549,453 $1,590 2.1% +7.1% $183,151
4BR $708,394 $1,880 1.9% +7.6% $177,098

Market Trends

Home Value History (with trend line)

$649K$563K$477K$392K$306K$220KJul 2006Jul 2016Jul 2026

📊 How Does 22728 Compare?

Metric 22728 Midland Virginia
Home Value $619,728 $619,728 $403,170
5-Year CAGR 5.2% 5.2% 6.4%
Avg Rent $1,143 $1,143 -
Cap Rate 1.4% 1.4% -
💡 Why Invest in 22728? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 22728 (Midland, VA). Anonymous, moderated, never written by AI.

Do you own or manage rentals in ZIP 22728 (Midland, VA)?

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Investability
Good
Cap Rate
1.4%
Low
5yr Growth
+5.2%
Moderate

📊 Market Snapshot

Home Value $619,728
Monthly Rent $1,143
Price-to-Rent 45.2:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 2.2%
Cap Rate 1.4%
5-Year IRR 6.6%

📈 Home Appreciation

1-Year +6.1% ▲
3-Year CAGR +5.0% ▲
5-Year CAGR +5.2% ▲
10-Year CAGR +6.0% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 1.4%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.4%). 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.

Vacancy
10.7%
Moderate risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+5.2%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 22728

Population: 3,214

💰 Median Household Income
$100,776
This area
$100,776
State
$80,295
USA
$74,580
🏠 Renter Occupied
15.6%
This area
15.6%
State
25.7%
USA
34.0%
💼 Unemployment Rate
0.8%
This area
0.8%
State
-18.5%
USA
3.7%
🎓 College Educated
23.4%
This area
23.4%
State
4.0%
USA
33.7%
👤 Median Age
47.8 years
This area
47.8 years
State
9.9 years
USA
38.9 years
🏚️ Vacancy Rate
10.7%
This area
10.7%
State
16.4%
USA
10.5%
👥 Population by Ethnicity
White 86.4%
Black/African American 7.2%
Other/Mixed 6.1%
Hispanic/Latino 4.9%
Asian 0.3%
👶 Under 18
19.3%
This area
19.3%
USA
22.0%
👴 65 and Over
23.1%
This area
23.1%
USA
17.3%
📊 Poverty Rate
8.7%
This area
8.7%
USA
11.5%

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 22728

C Avg School Grade
2 Schools
$15,346 Avg Per Pupil

Schools in This ZIP Code

C Below Average

Alternative Education Center

📚 Grade N Elementary Limited Data
💰
$15,346 Per Student
C Below Average

The Regional Community Alternative Ed Continuum

📚 Grade N Elementary Limited Data
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.

🎓 Nearby Colleges & Universities

1 Nearby 1,511 Off-Campus Students
C
Germanna Community College
8,082 students · 14.9 mi

Investor Insight: With 1,511 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

Is Midland, VA a good place for real estate investing?

Yes - Midland, VA a 3.0/5 investability score. With $620K home prices against $1,143/mo monthly rent, the market delivers a reasonable entry point for new investors.

Are rents high in Midland, VA?

Midland, VA rentals go for roughly $1,143/mo a month. That puts gross yield in solid territory relative to $620K acquisition costs.

Should investors worry about vacancy in Midland, VA?

Midland, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.

What investment strategy works best in Midland, VA?

Most investors in Midland, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

What are home prices like in Midland, VA?

The median home value in Midland, VA is roughly $620K. That puts it reasonable relative to the VA statewide average.

You know 22728 now. You don’t know where it ranks.

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How 22728 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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