Real Estate Investing in Tuckahoe, Virginia (23238)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23238 (Tuckahoe, 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.
No major risk flags on the data we track.
What’s happening in Tuckahoe, VA (23238)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23238 Tuckahoe
The 23238 ZIP in Tuckahoe, VA is a local-operator market. Outside capital chasing a $505K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23238 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Put differently, 23238 offers a low basis, the region around Tuckahoe has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On the rental side, 25,893 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 right play in 23238 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Tuckahoe:
Property Strategy for 23238
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $170,112 | $1,750 | 7.4% | +7.4% | $170,112 |
| 2BR | $284,218 | $1,920 | 4.9% | +8.4% | $142,109 |
| 3BR | $369,961 | $2,400 | 4.7% | +6.5% | $123,320 |
| 4BR | $548,091 | $2,960 | 3.9% | +6.7% | $137,023 |
| 5BR | $961,281 | — | — | +7.7% | $192,256 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23238 Compare?
| Metric | 23238 | Tuckahoe | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $504,743 | $504,743 | N/A | $403,170 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.4% |
| Avg Rent | $1,854 | $1,854 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23238 (Tuckahoe, VA). Anonymous, moderated, never written by AI.
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Property managers serving Henrico County
Manage rentals here? List your business →PMI Richmond offers residential and commercial property management services, including marketing, tenant screening, rent collection, maintenance, and accounting. summary from their website
Cobb & Co. Property Management provides property management services in Richmond, including marketing, resident screening, rent collection, maintenance, and accounting. summary from their website
Peak Property Management offers residential property management and lease-only services in Richmond and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $504,743 |
| Monthly Rent | $1,854 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
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 23238
Population: 25,893
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 23238
Schools in This ZIP Code
About Repit School Scores
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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
How quickly do rentals get leased in Tuckahoe, VA?
Tuckahoe, VA carries elevated vacancy risk. Expect steady absorption at market rents of $1,854/mo.
Is real estate in Tuckahoe, VA a good investment right now?
Tuckahoe, VA scores 3.0/5 for investability. Home values sit at $505K and rents near $1,854/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Tuckahoe, VA?
The best-fit strategy in Tuckahoe, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is rental property easy to operate in Tuckahoe, VA?
The landlord environment in Tuckahoe, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How deep is the rental pool in Tuckahoe, VA?
The tenant pool in Tuckahoe, VA is solid, supported by local employment and population fundamentals. Rents of $1,854/mo are well-absorbed by the market.
You know 23238 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23238 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 23238 ranks in Richmond, VA
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Community Ratings
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