Real Estate Investing in Gloucester, Virginia (23056)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23056 (Gloucester, VA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 50.9% 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 Gloucester, VA (23056)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23056 Gloucester
Meanwhile, ZIP 23056 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $366K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23056 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 23056's metrics run below Mathews County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 58% in 23056 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 23056 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 Gloucester:
Market Trends
Home Value History (with trend line)
📊 How Does 23056 Compare?
| Metric | 23056 | Gloucester | Virginia |
|---|---|---|---|
| Home Value | $366,198 | $376,301 | $403,170 |
| 5-Year CAGR | N/A | 6.2% | 6.4% |
| Avg Rent | $1,269 | $1,546 | - |
| Cap Rate | 2.7% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23056 (Gloucester, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $366,198 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 23056
Population: 192
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
What is the average home sale price in Gloucester, VA?
The median home value in Gloucester, VA is roughly $366K. That puts it reasonable relative to the VA statewide average.
Are landlord laws favorable in Gloucester, VA?
VA law landlord-friendly for landlords, and Gloucester inherits those rules. Investors should still review local ordinances for rental licensing.
Is house hacking profitable in Gloucester, VA?
The house hack math a challenging in Gloucester, VA. Owner-occupant buyers benefit from the $1,269/mo rents and $366K home values.
What do landlords charge for rent in Gloucester, VA?
Rental rates in Gloucester, VA average $1,269/mo. Tenant demand and $366K home values make the yield look reasonable by investor standards.
Is real estate in Gloucester, VA a good investment right now?
Yes - Gloucester, VA a 2.0/5 investability score. With $366K home prices against $1,269/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 23056 now. You don’t know where it ranks.
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