Real Estate Investing in Elkton, Virginia (22827)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22827 (Elkton, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elkton, VA (22827)?
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Market Analysis: 22827 Elkton
This part of Rockingham County is not an easy win. The 22827 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 22827 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 22827's metrics run below Rockingham County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 22827 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Elkton's stable or hybrid ZIPs before stepping into 22827. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elkton:
Property Strategy for 22827
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $245,586 | $1,260 | 3.7% | +8.2% | $122,793 |
| 3BR | $317,690 | $1,700 | 3.9% | +7.5% | $105,897 |
| 4BR | $395,441 | $2,090 | 3.8% | +7.6% | $98,860 |
Market Trends
Home Value History (with trend line)
📊 How Does 22827 Compare?
| Metric | 22827 | Elkton | Harrisonburg, VA | Virginia |
|---|---|---|---|---|
| Home Value | $326,163 | $326,163 | N/A | $403,170 |
| 5-Year CAGR | 6.2% | 6.2% | 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 22827 (Elkton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $326,163 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 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 22827
Population: 10,357
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 22827
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Elkton, VA?
The 3.0/5 investability rating in Elkton, VA reflects its $326K prices and $1,134/mo rents. Investors generally consider it a solid option within VA.
What do rentals go for in Elkton, VA?
Average rent in Elkton, VA is approximately $1,134/mo per month. Against $326K home values that yields a reasonable rent-to-price ratio.
How strong is tenant demand in Elkton, VA?
Working renters make up the core of the Elkton, VA tenant base. The pool is reasonable for investors targeting long-term holds.
Should investors worry about vacancy in Elkton, VA?
Elkton, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
What is the median home value in Elkton, VA?
Typical homes in Elkton, VA go for around $326K. The 5-year CAGR of 0.0% consistent price movement.
You know 22827 now. You don’t know where it ranks.
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How 22827 ranks in Harrisonburg, VA
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