Real Estate Investing in Montpelier, Virginia (23192)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23192 (Montpelier, 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 29.0 — 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 Montpelier, VA (23192)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23192 Montpelier
Not every below-median market is a bargain. Montpelier's 23192 ZIP reflects signals that favor experienced operators who can absorb the risk $482K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 23192 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 23192's metrics run below Hanover County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 6,445 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.
The 23192 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 Montpelier:
Property Strategy for 23192
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $275,114 | $1,540 | 4.0% | +6.6% | $137,557 |
| 3BR | $404,383 | $1,950 | 3.5% | +6.7% | $134,794 |
| 4BR | $630,459 | $2,410 | 2.8% | +6.7% | $157,615 |
| 5BR | $813,420 | — | — | +5.9% | $162,684 |
Market Trends
Home Value History (with trend line)
📊 How Does 23192 Compare?
| Metric | 23192 | Montpelier | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $481,625 | $481,625 | N/A | $403,170 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.4% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 23192 (Montpelier, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $481,625 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.2%). 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 23192
Population: 6,445
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 23192
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average monthly rent in Montpelier, VA?
Rent in Montpelier, VA is around $1,386/mo. The resulting rent-to-value relationship with $482K pricing is reasonable for most investor models.
What is the rental occupancy rate in Montpelier, VA?
Occupancy in Montpelier, VA runs reliable with elevated vacancy. Well-priced units at $1,386/mo lease on reasonable timelines.
What is the typical home price in Montpelier, VA?
In Montpelier, VA the median home value sits at $482K. Against the broader VA market, that reads as reasonable for most investors.
What is it like being a landlord in Montpelier, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Montpelier generally follows the statewide framework, so landlords face reasonable operating rules.
Are renters plentiful in Montpelier, VA?
Working renters make up the core of the Montpelier, VA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 23192 now. You don’t know where it ranks.
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How 23192 ranks in Richmond, VA
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