Real Estate Investing in Faber, Virginia (22938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 22938 (Faber, 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: 21.7% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Faber, VA (22938)?
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Market Analysis: 22938 Faber
The 22938 ZIP in Faber, VA is a local-operator market. Outside capital chasing a $375K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $375K purchase price, 0.0% nominal cap — the work to hit that pro forma in 22938 is substantial and deserves full respect.
Statewide comparisons place 22938 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 10% in 22938 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 22938 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 Faber:
Property Strategy for 22938
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $293,165 | $1,560 | 3.8% | +7.7% | $146,582 |
| 3BR | $367,695 | $1,940 | 3.8% | +7.9% | $122,565 |
Market Trends
Home Value History (with trend line)
📊 How Does 22938 Compare?
| Metric | 22938 | Faber | Charlottesville, VA | Virginia |
|---|---|---|---|---|
| Home Value | $374,566 | $374,566 | N/A | $403,170 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.4% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22938 (Faber, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $374,566 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.9%). 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 22938
Population: 899
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
Frequently Asked Questions
How much should I expect to pay for a home in Faber, VA?
Faber, VA home values average about $375K. That price point suits investors targeting rentals with $1,404/mo in monthly income.
How strong is Faber, VA for real estate investors?
Our data puts Faber, VA at 3.0/5 for investability. Home prices of $375K and rents around $1,404/mo create a solid backdrop for investor activity.
What is the renter demographic in Faber, VA?
The renter base in Faber, VA is reasonable for the $1,404/mo price point. Screening well and pricing to market typically yields predictable tenants.
Where do rents currently stand in Faber, VA?
Expect rents around $1,404/mo per month in Faber, VA. With home values at $375K, the yield math works out to reasonable levels for rental investors.
Is Faber, VA good for landlords?
Rental owners in Faber, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 22938 now. You don’t know where it ranks.
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How 22938 ranks in Charlottesville, VA
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