Real Estate Investing in Midlothian, Virginia (23114)
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Should you buy in 23114 (Midlothian, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Midlothian, VA (23114)?
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Market Analysis: 23114 Midlothian
This part of Chesterfield County is not an easy win. The 23114 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23114 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 23114 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 21% in 23114 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Midlothian's stable or hybrid ZIPs before stepping into 23114. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Midlothian:
Property Strategy for 23114
Which property type performs best in this market?
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| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $196,561 | $1,790 | 6.6% | +8.4% | $196,561 |
| 2BR | $317,027 | $1,970 | 4.5% | +7.4% | $158,514 |
| 3BR | $400,190 | $2,470 | 4.4% | +7.1% | $133,397 |
| 4BR | $482,377 | $3,040 | 4.5% | +7.3% | $120,594 |
| 5BR | $604,826 | — | — | +6.9% | $120,965 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23114 Compare?
| Metric | 23114 | Midlothian | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $474,438 | $548,785 | N/A | $403,170 |
| 5-Year CAGR | 5.4% | 5.9% | N/A | 6.4% |
| Avg Rent | $2,171 | $2,115 | N/A | - |
| Cap Rate | 3.6% | 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 23114 (Midlothian, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $474,438 |
| Monthly Rent | $2,171 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +9.6% ▲ |
| 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 23114
Population: 21,572
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 23114
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
How should investors approach Midlothian, VA?
Most investors in Midlothian, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Midlothian, VA a smart market for rental property?
The 3.0/5 investability rating in Midlothian, VA reflects its $474K prices and $2,171/mo rents. Investors generally consider it a solid option within VA.
What is the renter demographic in Midlothian, VA?
Midlothian, VA offers a measured renter base at the $2,171/mo rent level. Tenant turnover is reasonable for well-managed properties.
Do landlords face vacancy issues in Midlothian, VA?
Expect elevated vacancy in Midlothian, VA. Rents at $2,171/mo are absorbed by the tenant base without meaningful lag.
Does Midlothian, VA favor landlords or tenants?
Rental owners in Midlothian, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 23114 now. You don’t know where it ranks.
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How 23114 ranks in Richmond, VA
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