Real Estate Investing in Painter, Virginia (23420)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23420 (Painter, 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: 21.0% 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 Painter, VA (23420)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23420 Painter
This part of Accomack County is not an easy win. The 23420 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 23420 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Looking more closely, 23420 offers a low basis, the region around Painter has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 23420 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 23420 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Painter:
Market Trends
Home Value History (with trend line)
📊 How Does 23420 Compare?
| Metric | 23420 | Painter | Virginia |
|---|---|---|---|
| Home Value | $201,434 | $201,434 | $403,170 |
| 5-Year CAGR | 4.0% | 4.0% | 6.4% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 23420 (Painter, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 23420 (Painter, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $201,434 |
| Monthly Rent | $828 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (3.2%). 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 23420
Population: 2,686
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
What is the typical vacancy rate in Painter, VA?
Expect elevated vacancy in Painter, VA. Rents at $828/mo are absorbed by the tenant base without meaningful lag.
Is the tenant base reliable in Painter, VA?
Painter, VA offers a measured renter base at the $828/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strict are landlord regulations in Painter, VA?
Painter, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Can I live-in-and-rent in Painter, VA?
Painter, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $828/mo rent level.
Which investment style suits Painter, VA?
Most investors in Painter, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 23420 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23420 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 23420 (Painter)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 23420 (Painter, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.