Real Estate Investing in Highland Springs, Virginia (23075)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23075 (Highland Springs, 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 Highland Springs, VA (23075)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23075 Highland Springs
Turning to rents, ZIP 23075 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $260K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $260K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23075 is substantial and deserves full respect.
Regionally, 23075 sits on the difficult end of the VA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 23075 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 23075 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 Highland Springs:
Property Strategy for 23075
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,499 | $1,540 | 5.3% | +13.7% | $104,749 |
| 3BR | $251,280 | $1,950 | 5.6% | +10.4% | $83,760 |
| 4BR | $309,922 | $2,410 | 5.6% | +8.6% | $77,480 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23075 Compare?
| Metric | 23075 | Highland Springs | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $260,239 | $260,239 | N/A | $403,170 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 6.4% |
| Avg Rent | $1,666 | $1,666 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 23075 (Highland Springs, 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 | $260,239 |
| Monthly Rent | $1,666 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (5.0%). 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 23075
Population: 8,235
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 23075
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
Investor Insight: With 2,282 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Highland Springs, VA?
Vacancy risk in Highland Springs, VA is elevated. That supports stable cash flow for typical rental holds.
What is the best play in Highland Springs, VA?
The best-fit strategy in Highland Springs, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the average home sale price in Highland Springs, VA?
Highland Springs, VA median home values land near $260K. That is reasonable territory for investors looking at $1,666/mo-per-month rentals.
Is Highland Springs, VA good for landlords?
Rental owners in Highland Springs, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Highland Springs in VA worth investing in?
Highland Springs, VA scores 3.0/5 for investability. Home values sit at $260K and rents near $1,666/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 23075 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23075 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 23075 ranks in Richmond, VA
Every ZIP in this metro, ranked. Free.
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