Real Estate Investing in Broadway, Virginia (22815)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22815 (Broadway, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Broadway, VA (22815)?
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Market Analysis: 22815 Broadway
This part of Rockingham County is not an easy win. The 22815 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $328K asset, 22815 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 22815 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A significant renter share of 27% in 22815 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 22815, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Broadway:
Property Strategy for 22815
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $242,924 | $1,260 | 3.7% | +8.2% | $121,462 |
| 3BR | $318,501 | $1,700 | 3.8% | +8.1% | $106,167 |
| 4BR | $390,211 | $2,090 | 3.9% | +7.7% | $97,553 |
Market Trends
Home Value History (with trend line)
📊 How Does 22815 Compare?
| Metric | 22815 | Broadway | Harrisonburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $327,550 | $327,550 | N/A | $403,170 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.4% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22815 (Broadway, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,550 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.7%). 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 22815
Population: 8,716
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 22815
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Plains Elementary
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
Frequently Asked Questions
What do landlords charge for rent in Broadway, VA?
The typical rental in Broadway, VA commands about $1,134/mo monthly. That rent profile measured cash flow against the $328K purchase basis.
What real estate strategy is ideal for Broadway, VA?
The best-fit strategy in Broadway, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are homes affordable in Broadway, VA?
Expect median prices around $328K in Broadway, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Can owner-occupants cash flow in Broadway, VA?
House hacking in Broadway, VA is a challenging. With home values around $328K and rents at $1,134/mo, owner-occupants can offset a meaningful share of PITI.
How strong is the working-renter base in Broadway, VA?
Tenant quality in Broadway, VA ranks as solid. Landlords generally report stable occupancy at market rents of $1,134/mo.
You know 22815 now. You don’t know where it ranks.
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How 22815 ranks in Harrisonburg, VA
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