Real Estate Investing in Powhatan, Virginia (23139)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23139 (Powhatan, 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.
No major risk flags on the data we track.
What’s happening in Powhatan, VA (23139)?
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Market Analysis: 23139 Powhatan
The 23139 ZIP in Powhatan, VA is a local-operator market. Outside capital chasing a $486K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $486K asset, 23139 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 23139's metrics run below Powhatan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 23139 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 23139 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Powhatan:
Property Strategy for 23139
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $334,336 | $1,540 | 3.3% | +6.7% | $167,168 |
| 3BR | $407,697 | $1,950 | 3.4% | +6.7% | $135,899 |
| 4BR | $585,795 | $2,410 | 3.0% | +6.0% | $146,449 |
| 5BR | $755,326 | — | — | +5.9% | $151,065 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23139 Compare?
| Metric | 23139 | Powhatan | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $486,209 | $486,209 | N/A | $403,170 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.4% |
| Avg Rent | $1,791 | $1,791 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23139 (Powhatan, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $486,209 |
| Monthly Rent | $1,791 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.9%). 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 23139
Population: 27,085
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 23139
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
What do rentals go for in Powhatan, VA?
Rental rates in Powhatan, VA average $1,791/mo. Tenant demand and $486K home values make the yield look reasonable by investor standards.
Are there empty rentals in Powhatan, VA?
Vacancy in Powhatan, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,791/mo.
Is Powhatan in VA worth investing in?
Investors tracking Powhatan, VA will find a 3.0/5 rating supported by $486K median home values and $1,791/mo rents. That profile suits long-term holders targeting measured returns.
Is house hacking profitable in Powhatan, VA?
House hacking works a challenging in Powhatan, VA. Rents of $1,791/mo against $486K acquisition make the strategy solid for owner-occupants.
Is Powhatan, VA a friendly market for rental owners?
For rental operators, Powhatan, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 23139 now. You don’t know where it ranks.
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How 23139 ranks in Richmond, VA
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