Real Estate Investing in Locust Hill, Virginia (23092)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23092 (Locust Hill, VA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
• 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 Locust Hill, VA (23092)?
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Market Analysis: 23092 Locust Hill
Investors eyeing 23092 need to respect the fundamentals at play. Home values of $392K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23092 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 23092 sits on the difficult end of the VA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 23092 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 23092, 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 Locust Hill:
Market Trends
Home Value History (with trend line)
📊 How Does 23092 Compare?
| Metric | 23092 | Locust Hill | Virginia |
|---|---|---|---|
| Home Value | $391,973 | $391,973 | $403,170 |
| 5-Year CAGR | 5.7% | 5.7% | 6.4% |
| Avg Rent | $1,287 | $1,287 | - |
| 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 23092 (Locust Hill, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $391,973 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 23092
Population: 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
🎓 Schools in 23092
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
What are rental rates like in Locust Hill, VA?
Rents in Locust Hill, VA run near $1,287/mo. Compared with median home prices of $392K that produces solid gross yields for typical rentals.
What is the average home sale price in Locust Hill, VA?
Locust Hill, VA home values average about $392K. That price point suits investors targeting rentals with $1,287/mo in monthly income.
Does Locust Hill, VA make sense for an investment property?
Locust Hill, VA posts an investability rating of 3.0/5, with median home values near $392K and average rents around $1,287/mo. That combination puts it in the significant tier for investor interest.
How do landlord-tenant laws work in Locust Hill, VA?
The landlord environment in Locust Hill, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical vacancy rate in Locust Hill, VA?
Expect elevated vacancy in Locust Hill, VA. Rents at $1,287/mo are absorbed by the tenant base without meaningful lag.
You know 23092 now. You don’t know where it ranks.
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