Real Estate Investing in Suffolk, Virginia (23432)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23432 (Suffolk, 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: 17.6% 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 Suffolk, VA (23432)?
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Market Analysis: 23432 Suffolk
ZIP 23432 inside Suffolk City looks affordable on the surface — median value of $461K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 23432 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 23432 sits on the difficult end of the VA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 23432 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 23432 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Suffolk:
Property Strategy for 23432
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $400,237 | $2,420 | 4.4% | +6.9% | $133,412 |
| 4BR | $613,995 | $2,850 | 3.3% | +7.7% | $153,499 |
Market Trends
Home Value History (with trend line)
📊 How Does 23432 Compare?
| Metric | 23432 | Suffolk | Virginia |
|---|---|---|---|
| Home Value | $461,289 | $438,534 | $403,170 |
| 5-Year CAGR | 5.0% | 5.5% | 6.4% |
| Avg Rent | $1,575 | $1,778 | - |
| Cap Rate | 2.7% | 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 23432 (Suffolk, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,289 |
| Monthly Rent | $1,575 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.7%). 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 23432
Population: 1,405
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
Investor Insight: With 4,982 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Suffolk, VA?
Suffolk, VA median home values land near $461K. That is reasonable territory for investors looking at $1,575/mo-per-month rentals.
Which investment style suits Suffolk, VA?
Investors usually favor careful cash-flow rentals with hands-on management in Suffolk, VA. With home values at $461K and rents near $1,575/mo, other strategies can work but produce measured rather than outsized returns.
Are rents high in Suffolk, VA?
Suffolk, VA rentals go for roughly $1,575/mo a month. That puts gross yield in solid territory relative to $461K acquisition costs.
Does a duplex house hack pencil in Suffolk, VA?
For house hackers, Suffolk, VA is a challenging. The $1,575/mo rent on a unit helps defray the mortgage on a $461K property.
Are landlord laws favorable in Suffolk, VA?
Suffolk, VA operates under VA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 23432 now. You don’t know where it ranks.
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How 23432 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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