Real Estate Investing in Accomac, Virginia (23301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23301 (Accomac, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 34.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Accomac, VA (23301)?
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Market Analysis: 23301 Accomac
Investors eyeing 23301 need to respect the fundamentals at play. Home values of $209K come alongside slower price movement and elevated management overhead.
Rent of $873/mo on a $209K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23301 sits below the stated 0.0% once reality is priced in.
In practical terms, 23301 offers a low basis, the region around Accomac has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 23301 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. robust returns are possible in 23301, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Accomac:
Market Trends
Home Value History (with trend line)
📊 How Does 23301 Compare?
| Metric | 23301 | Accomac | Virginia |
|---|---|---|---|
| Home Value | $209,275 | $209,275 | $403,170 |
| 5-Year CAGR | 0.6% | 0.6% | 6.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23301 (Accomac, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,275 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 3.8% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (3.3%). 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 23301
Population: 2,314
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 23301
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
How much should I expect to pay for a home in Accomac, VA?
Accomac, VA median home values land near $209K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
Is vacancy a concern in Accomac, VA?
Occupancy in Accomac, VA runs even-keeled with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
What does house hacking look like in Accomac, VA?
House hacking works a challenging in Accomac, VA. Rents of $873/mo against $209K acquisition make the strategy solid for owner-occupants.
How strong are rents in Accomac, VA?
Rent in Accomac, VA is around $873/mo. The resulting rent-to-value relationship with $209K pricing is reasonable for most investor models.
Are eviction rules reasonable in Accomac, VA?
Rental owners in Accomac, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 23301 now. You don’t know where it ranks.
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