Real Estate Investing in Goochland, Virginia (23153)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23153 (Goochland, 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 33.5 — 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 Goochland, VA (23153)?
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Market Analysis: 23153 Goochland
ZIP 23153 in Goochland, VA carries a robust set of headwinds. Home values near $558K and rents of $1,386/mo sit inside a market where underwriting has to be tight.
Rent of $1,386/mo on a $558K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23153 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 23153 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 23153 ZIP's population of 1,303 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Distressed ZIPs reward experience. substantial returns are possible in 23153, 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 Goochland:
Property Strategy for 23153
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $440,019 | $1,950 | 3.2% | +6.4% | $146,673 |
| 4BR | $615,482 | $2,410 | 2.8% | +5.9% | $153,870 |
Market Trends
Home Value History (with trend line)
📊 How Does 23153 Compare?
| Metric | 23153 | Goochland | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $557,724 | $487,348 | N/A | $403,170 |
| 5-Year CAGR | 5.5% | 5.0% | N/A | 6.4% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 1.9% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23153 (Goochland, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $557,724 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 33.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (1.9%). 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 23153
Population: 1,303
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
Frequently Asked Questions
What kind of tenants rent in Goochland, VA?
Tenant quality in Goochland, VA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,386/mo.
Is Goochland, VA a smart market for rental property?
With a 3.0/5 investability score, Goochland, VA ranks as a solid market for rental property investors. Median prices of $558K and rents of $1,386/mo drive the underlying numbers.
What price range are homes in Goochland, VA?
The median home value in Goochland, VA is roughly $558K. That puts it reasonable relative to the VA statewide average.
Is Goochland, VA landlord-friendly?
VA ranks as a landlord-friendly state for landlord-tenant law. Goochland generally follows the statewide framework, so landlords face reasonable operating rules.
Can I house hack in Goochland, VA?
Goochland, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,386/mo rent level.
You know 23153 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23153 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.
How 23153 ranks in Richmond, VA
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