Real Estate Investing in Bloxom, Virginia (23308)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23308 (Bloxom, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bloxom, VA (23308)?
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Market Analysis: 23308 Bloxom
ZIP 23308 inside Accomack County looks affordable on the surface — median value of $192K — but the discount exists for reasons that a careful buyer should understand before committing.
On the rental side, the numbers look inviting — $192K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23308 is substantial and deserves full respect.
From an investor standpoint, 23308 offers a low basis, the region around Bloxom has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 23308 ZIP's population of 2,118 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Distressed ZIPs reward experience. sturdy returns are possible in 23308, 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 Bloxom:
Market Trends
Home Value History (with trend line)
📊 How Does 23308 Compare?
| Metric | 23308 | Bloxom | Virginia |
|---|---|---|---|
| Home Value | $191,827 | $191,827 | $403,170 |
| 5-Year CAGR | 3.1% | 3.1% | 6.4% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23308 (Bloxom, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,827 |
| Monthly Rent | $963 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (3.9%). 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 23308
Population: 2,118
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Bloxom in VA worth investing in?
Our data puts Bloxom, VA at 3.0/5 for investability. Home prices of $192K and rents around $963/mo create a solid backdrop for investor activity.
Does house hacking make sense in Bloxom, VA?
House hacking works a challenging in Bloxom, VA. Rents of $963/mo against $192K acquisition make the strategy solid for owner-occupants.
What is the best play in Bloxom, VA?
Bloxom, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($192K prices, $963/mo rents) make it a reasonable choice.
How much should I expect to pay for a home in Bloxom, VA?
Typical homes in Bloxom, VA go for around $192K. The 5-year CAGR of 0.0% measured price movement.
Are there empty rentals in Bloxom, VA?
Vacancy in Bloxom, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $963/mo.
You know 23308 now. You don’t know where it ranks.
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