Real Estate Investing in Lanexa, Virginia (23089)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23089 (Lanexa, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lanexa, VA (23089)?
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Market Analysis: 23089 Lanexa
The 23089 ZIP in Lanexa, VA is a local-operator market. Outside capital chasing a $446K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $446K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23089 is substantial and deserves full respect.
ZIP 23089's metrics run below New Kent County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 23089 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 23089 is an operator game, not a passive one. Turning to rents, entry prices of $446K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lanexa:
Property Strategy for 23089
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $294,786 | $1,630 | 4.0% | +6.9% | $147,393 |
| 3BR | $419,484 | $2,100 | 3.6% | +7.1% | $139,828 |
| 4BR | $609,063 | $2,560 | 3.0% | +8.1% | $152,266 |
Market Trends
Home Value History (with trend line)
📊 How Does 23089 Compare?
| Metric | 23089 | Lanexa | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $446,225 | $446,225 | N/A | $403,170 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 6.4% |
| Avg Rent | $1,467 | $1,467 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23089 (Lanexa, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $446,225 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.6%). 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 23089
Population: 4,807
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
How strong is Lanexa, VA for real estate investors?
Lanexa, VA scores 3.0/5 for investability. Home values sit at $446K and rents near $1,467/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the average monthly rent in Lanexa, VA?
Expect rents around $1,467/mo per month in Lanexa, VA. With home values at $446K, the yield math works out to reasonable levels for rental investors.
How much does a house cost in Lanexa, VA?
In Lanexa, VA the median home value sits at $446K. Against the broader VA market, that reads as reasonable for most investors.
Can I live-in-and-rent in Lanexa, VA?
House hacking in Lanexa, VA is a challenging. With home values around $446K and rents at $1,467/mo, owner-occupants can offset a meaningful share of PITI.
Should investors worry about vacancy in Lanexa, VA?
Lanexa, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
You know 23089 now. You don’t know where it ranks.
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How 23089 ranks in Richmond, VA
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