Real Estate Investing in Richmond, Virginia (23236)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23236 (Richmond, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Richmond, VA (23236)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23236 Richmond
In practical terms, ZIP 23236 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $397K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 23236 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 23236 and stronger Richmond ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A sturdy renter share of 12% in 23236 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Richmond:
Property Strategy for 23236
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $338,745 | $1,970 | 4.2% | +8.8% | $169,373 |
| 3BR | $342,823 | $2,470 | 5.2% | +7.9% | $114,274 |
| 4BR | $409,450 | $3,040 | 5.3% | +7.3% | $102,363 |
| 5BR | $540,350 | — | — | +7.1% | $108,070 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23236 Compare?
| Metric | 23236 | Richmond | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $397,445 | $141,872 | N/A | $403,170 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.4% |
| Avg Rent | $1,748 | $1,732 | N/A | - |
| Cap Rate | 3.4% | 3.5% | - | - |
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 23236 (Richmond, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $397,445 |
| Monthly Rent | $1,748 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 23236
Population: 27,118
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 23236
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
J.B. Fisher Elementary
Bon Air Elementary
Greenfield Elementary
Manchester Middle
Providence Middle
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
Investor Insight: With 1,073 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Richmond, VA?
Richmond, VA median home values land near $397K. That is reasonable territory for investors looking at $1,748/mo-per-month rentals.
Is the tenant base reliable in Richmond, VA?
Tenant demand in Richmond, VA is solid. The local workforce $1,748/mo rents across most rental classes.
Is Richmond, VA a smart market for rental property?
The 3.0/5 investability rating in Richmond, VA reflects its $397K prices and $1,748/mo rents. Investors generally consider it a solid option within VA.
Can I live-in-and-rent in Richmond, VA?
The house hack math a challenging in Richmond, VA. Owner-occupant buyers benefit from the $1,748/mo rents and $397K home values.
What is it like being a landlord in Richmond, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Richmond generally follows the statewide framework, so landlords face reasonable operating rules.
You know 23236 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23236 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 23236 ranks in Richmond, VA
Every ZIP in this metro, ranked. Free.
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