Real Estate Investing in Washington, Virginia (22747)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22747 (Washington, 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: 30.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 46.4 — 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 Washington, VA (22747)?
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Market Analysis: 22747 Washington
This part of Rappahannock County is not an easy win. The 22747 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,242/mo on a $692K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 22747 sits below the stated 0.0% once reality is priced in.
In the broader VA picture, 22747 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 22747 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 22747 is an operator game, not a passive one. In practical terms, entry prices of $692K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Washington:
Property Strategy for 22747
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $510,443 | $1,380 | 1.9% | +5.1% | $255,222 |
| 3BR | $639,243 | $1,650 | 1.9% | +6.9% | $213,081 |
| 4BR | $940,984 | $2,320 | 1.8% | +7.0% | $235,246 |
Market Trends
Home Value History (with trend line)
📊 How Does 22747 Compare?
| Metric | 22747 | Washington | Virginia |
|---|---|---|---|
| Home Value | $691,618 | $691,618 | $403,170 |
| 5-Year CAGR | 4.8% | 4.8% | 6.4% |
| Avg Rent | $1,242 | $1,242 | - |
| Cap Rate | 1.4% | 1.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22747 (Washington, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $691,618 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 46.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (1.4%). 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 22747
Population: 1,384
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 22747
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 it easy to find good tenants in Washington, VA?
Tenant demand in Washington, VA is solid. The local workforce $1,242/mo rents across most rental classes.
Is Washington, VA a smart market for rental property?
The 3.0/5 investability rating in Washington, VA reflects its $692K prices and $1,242/mo rents. Investors generally consider it a solid option within VA.
Are homes affordable in Washington, VA?
Washington, VA home values average about $692K. That price point suits investors targeting rentals with $1,242/mo in monthly income.
How much rent can I charge in Washington, VA?
Washington, VA rentals go for roughly $1,242/mo a month. That puts gross yield in solid territory relative to $692K acquisition costs.
Is Washington, VA landlord-friendly?
VA law landlord-friendly for landlords, and Washington inherits those rules. Investors should still review local ordinances for rental licensing.
You know 22747 now. You don’t know where it ranks.
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How 22747 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
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