Real Estate Investing in Midlothian, Virginia (23113)
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Should you buy in 23113 (Midlothian, 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 30.6 — hard to cash-flow at these prices.
What’s happening in Midlothian, VA (23113)?
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Market Analysis: 23113 Midlothian
This part of Chesterfield County is not an easy win. The 23113 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 23113 can be a a viable market for hunting ground — but the discount at $730K reflects genuine risk that outside investors often underestimate.
ZIP 23113's metrics run below Chesterfield County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 23113 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.
Strategy in 23113 is an operator game, not a passive one. Meanwhile, entry prices of $730K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Midlothian:
Property Strategy for 23113
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $271,356 | $2,000 | 5.3% | +7.9% | $135,678 |
| 3BR | $440,576 | $2,500 | 4.1% | +6.6% | $146,859 |
| 4BR | $674,913 | $3,090 | 3.3% | +8.3% | $168,728 |
| 5BR | $890,697 | — | — | +8.1% | $178,139 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23113 Compare?
| Metric | 23113 | Midlothian | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $730,374 | $548,785 | N/A | $403,170 |
| 5-Year CAGR | 6.7% | 5.9% | N/A | 6.4% |
| Avg Rent | $1,991 | $2,115 | N/A | - |
| Cap Rate | 2.1% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23113 (Midlothian, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $730,374 |
| Monthly Rent | $1,991 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +9.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 23113
Population: 26,558
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 23113
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 kind of market is Midlothian, VA for investors?
With a 3.0/5 investability score, Midlothian, VA ranks as a solid market for rental property investors. Median prices of $730K and rents of $1,991/mo drive the underlying numbers.
What is the average monthly rent in Midlothian, VA?
Average rent in Midlothian, VA is approximately $1,991/mo per month. Against $730K home values that yields a reasonable rent-to-price ratio.
Should investors worry about vacancy in Midlothian, VA?
Rental vacancy in Midlothian, VA is elevated. Investors should budget normal turnover but not chronic empty units.
How viable is house hacking in Midlothian, VA?
House hacking works a challenging in Midlothian, VA. Rents of $1,991/mo against $730K acquisition make the strategy solid for owner-occupants.
How strong is the working-renter base in Midlothian, VA?
Working renters make up the core of the Midlothian, VA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 23113 now. You don’t know where it ranks.
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How 23113 ranks in Richmond, VA
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