Real Estate Investing in Glen Allen, Virginia (23060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23060 (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 (23060)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23060 Glen Allen
Meanwhile, ZIP 23060 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $458K median. It rewards specialists, not generalists.
The 23060 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
From an investor standpoint, 23060 offers a low basis, the region around Glen Allen has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 23060 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Glen Allen:
Property Strategy for 23060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $266,211 | $1,910 | 5.2% | +8.0% | $133,106 |
| 3BR | $396,571 | $2,390 | 4.3% | +6.8% | $132,190 |
| 4BR | $508,754 | $2,950 | 4.2% | +6.9% | $127,189 |
| 5BR | $671,936 | — | — | +7.1% | $134,387 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23060 Compare?
| Metric | 23060 | Glen Allen | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $458,184 | $545,449 | N/A | $403,170 |
| 5-Year CAGR | 5.0% | 4.8% | N/A | 6.4% |
| Avg Rent | $2,041 | $2,112 | N/A | - |
| Cap Rate | 3.5% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23060 (Glen Allen, VA). Anonymous, moderated, never written by AI.
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Property managers serving Henrico County
Manage rentals here? List your business →PMI Richmond offers residential and commercial property management services, including marketing, tenant screening, rent collection, maintenance, and accounting. summary from their website
Cobb & Co. Property Management provides property management services in Richmond, including marketing, resident screening, rent collection, maintenance, and accounting. summary from their website
Peak Property Management offers residential property management and lease-only services in Richmond and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $458,184 |
| Monthly Rent | $2,041 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 23060
Population: 36,111
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 23060
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
What strategy should investors use in Glen Allen, VA?
A careful cash-flow rentals with hands-on management strategy Glen Allen, VA best. The market produces predictable results for that approach at the $458K price point.
What kind of tenants rent in Glen Allen, VA?
Tenant quality in Glen Allen, VA ranks as solid. Landlords generally report stable occupancy at market rents of $2,041/mo.
What monthly rent should investors expect in Glen Allen, VA?
Rental rates in Glen Allen, VA average $2,041/mo. Tenant demand and $458K home values make the yield look reasonable by investor standards.
Does a duplex house hack pencil in Glen Allen, VA?
The a challenging house-hack environment in Glen Allen, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors worry about vacancy in Glen Allen, VA?
Glen Allen, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
You know 23060 now. You don’t know where it ranks.
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How 23060 ranks in Richmond, VA
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