Real Estate Investing in Oilville, Virginia (23129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23129 (Oilville, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 38.3 — 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 Oilville, VA (23129)?
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Market Analysis: 23129 Oilville
The 23129 ZIP in Oilville, VA is a local-operator market. Outside capital chasing a $678K entry has to pair deep knowledge with the discount.
Rent of $1,476/mo on a $678K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23129 sits below the stated 0.0% once reality is priced in.
Within VA, ZIP 23129 trails on several market indicators that neighboring Goochland County submarkets outperform. The gap is real and durable enough to shape underwriting.
From an investor standpoint, 394 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 23129 is an operator game, not a passive one. From an investor standpoint, entry prices of $678K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oilville:
Market Trends
Home Value History (with trend line)
📊 How Does 23129 Compare?
| Metric | 23129 | Oilville | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $678,178 | $678,178 | N/A | $403,170 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.4% |
| Avg Rent | $1,476 | $1,476 | N/A | - |
| 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 23129 (Oilville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $678,178 |
| Monthly Rent | $1,476 |
| Price-to-Rent | 38.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 23129
Population: 394
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is housing expensive in Oilville, VA?
In Oilville, VA the median home value sits at $678K. Against the broader VA market, that reads as reasonable for most investors.
How strong is the working-renter base in Oilville, VA?
Working renters make up the core of the Oilville, VA tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Oilville, VA?
VA law landlord-friendly for landlords, and Oilville inherits those rules. Investors should still review local ordinances for rental licensing.
How tight is the rental market in Oilville, VA?
Occupancy in Oilville, VA runs predictable with elevated vacancy. Well-priced units at $1,476/mo lease on reasonable timelines.
What do rentals go for in Oilville, VA?
Rent in Oilville, VA is around $1,476/mo. The resulting rent-to-value relationship with $678K pricing is reasonable for most investor models.
You know 23129 now. You don’t know where it ranks.
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