Real Estate Investing in Mineral, Virginia (23117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23117 (Mineral, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 37.6 — 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 Mineral, VA (23117)?
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Market Analysis: 23117 Mineral
The 23117 ZIP covers a section of Mineral that demands careful diligence. Prices near $471K look accessible, but the work to make a deal cash flow is real.
Stepping back, the numbers look inviting — $471K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23117 is substantial and deserves full respect.
The gap between 23117 and stronger Mineral ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 23117 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. notable returns are possible in 23117, 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 Mineral:
Property Strategy for 23117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $272,667 | $1,160 | 3.1% | +8.1% | $136,333 |
| 3BR | $415,078 | $1,590 | 2.8% | — | $138,359 |
| 4BR | $644,965 | $1,800 | 2.0% | — | $161,241 |
| 5BR | $1,201,190 | — | — | +10.2% | $240,238 |
Market Trends
Home Value History (with trend line)
📊 How Does 23117 Compare?
| Metric | 23117 | Mineral | Virginia |
|---|---|---|---|
| Home Value | $470,913 | $470,913 | $403,170 |
| 5-Year CAGR | 5.6% | 5.6% | 6.4% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 1.7% | 1.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23117 (Mineral, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $470,913 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 37.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (1.7%). 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 23117
Population: 10,772
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 23117
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.
Frequently Asked Questions
How does Mineral, VA stack up for property investment?
Mineral, VA sits at an investability rating of 3.0/5, with median home values near $471K and average rents around $1,044/mo. That combination puts it in the resilient tier for investor interest.
How qualified is the tenant pool in Mineral, VA?
The tenant pool in Mineral, VA is solid, supported by local employment and population fundamentals. Rents of $1,044/mo are well-absorbed by the market.
What is the typical rental rate in Mineral, VA?
The typical rental in Mineral, VA commands about $1,044/mo monthly. That rent profile even-keeled cash flow against the $471K purchase basis.
Should investors worry about vacancy in Mineral, VA?
Mineral, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Which investment style suits Mineral, VA?
A careful cash-flow rentals with hands-on management strategy Mineral, VA best. The market produces predictable results for that approach at the $471K price point.
You know 23117 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23117 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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