Real Estate Investing in Chincoteague, Virginia (23336)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23336 (Chincoteague, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 59.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chincoteague, VA (23336)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23336 Chincoteague
The 23336 ZIP in Chincoteague, VA is a local-operator market. Outside capital chasing a $373K entry has to pair deep knowledge with the discount.
The investment case in 23336 is resilient only for operators who understand what they are buying. A $373K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Chincoteague have seen price recovery that 23336 has not matched. Accomack County data supports the view that the spread is structural rather than temporary.
Employment concentration in 23336 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 23336, 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 Chincoteague:
Property Strategy for 23336
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $319,644 | $1,230 | 2.8% | +10.7% | $159,822 |
| 3BR | $445,858 | $1,600 | 2.6% | +11.0% | $148,619 |
Market Trends
Home Value History (with trend line)
📊 How Does 23336 Compare?
| Metric | 23336 | Chincoteague | Virginia |
|---|---|---|---|
| Home Value | $372,644 | $372,644 | $403,170 |
| 5-Year CAGR | 7.3% | 7.3% | 6.4% |
| Avg Rent | $1,107 | $1,107 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 23336 (Chincoteague, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 23336 (Chincoteague, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $372,644 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 28.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.3%). 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 23336
Population: 3,323
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 23336
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.
Frequently Asked Questions
How landlord-friendly is Chincoteague, VA?
Chincoteague, VA operates under VA law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How strong is Chincoteague, VA for real estate investors?
The 3.0/5 investability rating in Chincoteague, VA reflects its $373K prices and $1,107/mo rents. Investors generally consider it a solid option within VA.
What is the average home sale price in Chincoteague, VA?
Homes in Chincoteague, VA typically sell near $373K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How much rent can I charge in Chincoteague, VA?
Expect rents around $1,107/mo per month in Chincoteague, VA. With home values at $373K, the yield math works out to reasonable levels for rental investors.
Are renters plentiful in Chincoteague, VA?
Chincoteague, VA offers a measured renter base at the $1,107/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 23336 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23336 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.
AI Market Advisor
Ask questions about investing in 23336 (Chincoteague)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 23336 (Chincoteague, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.