Real Estate Investing in Amelia Court House, Virginia (23002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23002 (Amelia Court House, 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.
- Elevated vacancy: 8.3% 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 Amelia Court House, VA (23002)?
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Market Analysis: 23002 Amelia Court House
Not every below-median market is a bargain. Amelia Court House's 23002 ZIP shows signals that favor experienced operators who can absorb the risk $344K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $344K asset, 23002 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader VA picture, 23002 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 23002 ZIP's population of 10,657 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategy in 23002 is an operator game, not a passive one. From an investor standpoint, entry prices of $344K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Amelia Court House:
Property Strategy for 23002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,365 | $1,570 | 5.1% | +8.7% | $110,183 |
| 3BR | $319,004 | $1,970 | 4.4% | +9.3% | $106,335 |
| 4BR | $452,851 | $2,420 | 3.8% | +8.9% | $113,213 |
| 5BR | $512,616 | — | — | +8.6% | $102,523 |
Market Trends
Home Value History (with trend line)
📊 How Does 23002 Compare?
| Metric | 23002 | Amelia Court House | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $344,096 | $344,096 | N/A | $403,170 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.4% |
| Avg Rent | $1,413 | $1,413 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23002 (Amelia Court House, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $344,096 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.2%). 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 23002
Population: 10,657
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 23002
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
Where do rents currently stand in Amelia Court House, VA?
Investors in Amelia Court House, VA typically see rents near $1,413/mo per month against $344K home values - a solid setup for rental cash flow.
Which investment style suits Amelia Court House, VA?
A careful cash-flow rentals with hands-on management strategy Amelia Court House, VA best. The market produces even-keeled results for that approach at the $344K price point.
What price range are homes in Amelia Court House, VA?
Median home price in Amelia Court House, VA is near $344K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is Amelia Court House, VA a friendly market for rental owners?
For rental operators, Amelia Court House, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How deep is the rental pool in Amelia Court House, VA?
The tenant pool in Amelia Court House, VA is solid, supported by local employment and population fundamentals. Rents of $1,413/mo are well-absorbed by the market.
You know 23002 now. You don’t know where it ranks.
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How 23002 ranks in Richmond, VA
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