Real Estate Investing in Hayes, Virginia (23072)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23072 (Hayes, 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: 11.6% vacancy may signal weakening demand.
What’s happening in Hayes, VA (23072)?
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Market Analysis: 23072 Hayes
The 23072 ZIP covers a section of Hayes that demands careful diligence. Prices near $373K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $373K asset, 23072 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader VA picture, 23072 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 23072 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.
Distressed ZIPs reward experience. resilient returns are possible in 23072, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hayes:
Property Strategy for 23072
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $260,863 | $1,340 | 3.7% | +6.3% | $130,431 |
| 3BR | $350,578 | $1,860 | 3.8% | +6.3% | $116,859 |
| 4BR | $450,066 | $2,190 | 3.5% | +6.8% | $112,517 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23072 Compare?
| Metric | 23072 | Hayes | Virginia |
|---|---|---|---|
| Home Value | $372,809 | $372,809 | $403,170 |
| 5-Year CAGR | 5.3% | 5.3% | 6.4% |
| Avg Rent | $1,724 | $1,724 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23072 (Hayes, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $372,809 |
| Monthly Rent | $1,724 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.6%). 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 23072
Population: 13,069
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 23072
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
Frequently Asked Questions
Are homes affordable in Hayes, VA?
Hayes, VA median home values land near $373K. That is reasonable territory for investors looking at $1,724/mo-per-month rentals.
Are renters plentiful in Hayes, VA?
Working renters make up the core of the Hayes, VA tenant base. The pool is reasonable for investors targeting long-term holds.
How do experienced investors play Hayes, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Hayes, VA. The numbers - $373K homes against $1,724/mo rents - support that play.
What does house hacking look like in Hayes, VA?
For house hackers, Hayes, VA is a challenging. The $1,724/mo rent on a unit helps defray the mortgage on a $373K property.
Are landlord laws favorable in Hayes, VA?
Hayes, VA operates under VA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 23072 now. You don’t know where it ranks.
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How 23072 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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