Real Estate Investing in Glen Allen, Virginia (23059)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23059 (Glen Allen, VA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
What’s happening in Glen Allen, VA (23059)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23059 Glen Allen
The 23059 ZIP in Glen Allen, VA is a local-operator market. Outside capital chasing a $633K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23059 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader VA picture, 23059 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 23059 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 23059 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Glen Allen:
Property Strategy for 23059
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $200,057 | $2,000 | 7.2% | +10.9% | $200,057 |
| 2BR | $344,266 | $2,200 | 4.6% | +6.6% | $172,133 |
| 3BR | $469,406 | $2,750 | 4.2% | +5.8% | $156,469 |
| 4BR | $659,778 | $3,390 | 3.7% | +7.4% | $164,945 |
| 5BR | $889,313 | — | — | +7.5% | $177,863 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23059 Compare?
| Metric | 23059 | Glen Allen | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $632,715 | $545,449 | N/A | $403,170 |
| 5-Year CAGR | 4.7% | 4.8% | N/A | 6.4% |
| Avg Rent | $2,182 | $2,112 | N/A | - |
| Cap Rate | 2.7% | 3.1% | - | - |
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 23059 (Glen Allen, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 23059 (Glen Allen, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $632,715 |
| Monthly Rent | $2,182 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.6% ▲ |
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 23059
Population: 41,172
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 23059
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
Investor Insight: With 1,209 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Glen Allen, VA?
Most investors in Glen Allen, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is it easy to find good tenants in Glen Allen, VA?
Glen Allen, VA draws a reliable base of working renters. Demand at the $2,182/mo rent level is reasonable for standard single-family and small multi rentals.
Can I live-in-and-rent in Glen Allen, VA?
House hacking in Glen Allen, VA is reasonable to execute. Prices around $633K and rents of $2,182/mo solid owner-occupant economics.
How landlord-friendly is Glen Allen, VA?
Glen Allen, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the median home value in Glen Allen, VA?
The median home value in Glen Allen, VA is roughly $633K. That puts it reasonable relative to the VA statewide average.
You know 23059 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23059 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 23059 ranks in Richmond, VA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 23059 (Glen Allen)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 23059 (Glen Allen, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.