Real Estate Investing in Afton, Virginia (22920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22920 (Afton, 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: 21.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.4 — 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 Afton, VA (22920)?
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Market Analysis: 22920 Afton
Stepping back, ZIP 22920 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $462K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $462K asset, 22920 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Afton have seen price recovery that 22920 has not matched. Nelson County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 3,744 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 22920 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 Afton:
Property Strategy for 22920
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $319,201 | $1,560 | 3.5% | +7.8% | $159,600 |
| 3BR | $412,907 | $1,940 | 3.4% | +7.9% | $137,636 |
| 4BR | $691,273 | $2,360 | 2.5% | +8.4% | $172,818 |
Market Trends
Home Value History (with trend line)
📊 How Does 22920 Compare?
| Metric | 22920 | Afton | Charlottesville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $461,978 | $461,978 | N/A | $403,170 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.4% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22920 (Afton, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,978 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.4%). 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 22920
Population: 3,744
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 22920
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
Does Afton, VA make sense for an investment property?
The 3.0/5 investability rating in Afton, VA reflects its $462K prices and $1,404/mo rents. Investors generally consider it a solid option within VA.
What is the average monthly rent in Afton, VA?
Expect rents around $1,404/mo per month in Afton, VA. With home values at $462K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Afton, VA?
Tenant demand in Afton, VA is solid. The local workforce $1,404/mo rents across most rental classes.
Does house hacking work in Afton, VA?
House hacking in Afton, VA is reasonable to execute. Prices around $462K and rents of $1,404/mo solid owner-occupant economics.
Are there empty rentals in Afton, VA?
Afton, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
You know 22920 now. You don’t know where it ranks.
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How 22920 ranks in Charlottesville, VA
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