Real Estate Investing in Shacklefords, Virginia (23156)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23156 (Shacklefords, 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: 30.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shacklefords, VA (23156)?
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Market Analysis: 23156 Shacklefords
Not every below-median market is a bargain. Shacklefords's 23156 ZIP clocks in at signals that favor experienced operators who can absorb the risk $278K pricing implies.
The investment case in 23156 is durable only for operators who understand what they are buying. A $278K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Shacklefords have seen price recovery that 23156 has not matched. King and Queen County data supports the view that the spread is structural rather than temporary.
Who lives in 23156 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 23156 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 Shacklefords:
Market Trends
Home Value History (with trend line)
📊 How Does 23156 Compare?
| Metric | 23156 | Shacklefords | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $277,664 | $277,664 | N/A | $403,170 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.4% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.2% | 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 23156 (Shacklefords, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,664 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.2%). 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 23156
Population: 1,249
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 Shacklefords, VA?
Shacklefords, VA home values average about $278K. That price point suits investors targeting rentals with $1,125/mo in monthly income.
Is house hacking profitable in Shacklefords, VA?
House hacking in Shacklefords, VA is reasonable to execute. Prices around $278K and rents of $1,125/mo solid owner-occupant economics.
Are tenants stable in Shacklefords, VA?
Working renters make up the core of the Shacklefords, VA tenant base. The pool is reasonable for investors targeting long-term holds.
How much do tenants pay in Shacklefords, VA?
Expect rents around $1,125/mo per month in Shacklefords, VA. With home values at $278K, the yield math works out to reasonable levels for rental investors.
How does Shacklefords, VA stack up for property investment?
Shacklefords, VA reports an investability rating of 3.0/5, with median home values near $278K and average rents around $1,125/mo. That combination puts it in the sturdy tier for investor interest.
You know 23156 now. You don’t know where it ranks.
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How 23156 ranks in Richmond, VA
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