Real Estate Investing in Suffolk, Virginia (23433)
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Should you buy in 23433 (Suffolk, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.2 — 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 Suffolk, VA (23433)?
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Market Analysis: 23433 Suffolk
ZIP 23433 in Suffolk, VA carries a sturdy set of headwinds. Home values near $568K and rents of $1,881/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 23433 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 23433 and stronger Suffolk ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 23433 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 23433 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 Suffolk:
Property Strategy for 23433
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $459,765 | $2,900 | 4.5% | +7.5% | $153,255 |
| 4BR | $624,881 | $3,410 | 3.9% | +8.4% | $156,220 |
Market Trends
Home Value History (with trend line)
📊 How Does 23433 Compare?
| Metric | 23433 | Suffolk | Virginia |
|---|---|---|---|
| Home Value | $568,153 | $438,534 | $403,170 |
| 5-Year CAGR | 7.0% | 5.5% | 6.4% |
| Avg Rent | $1,881 | $1,778 | - |
| Cap Rate | 2.6% | 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 23433 (Suffolk, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $568,153 |
| Monthly Rent | $1,881 |
| Price-to-Rent | 25.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.6%). 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 23433
Population: 1,424
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 6,140 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Suffolk, VA?
Typical homes in Suffolk, VA go for around $568K. The 5-year CAGR of 0.0% reliable price movement.
Are rents high in Suffolk, VA?
Suffolk, VA rentals go for roughly $1,881/mo a month. That puts gross yield in solid territory relative to $568K acquisition costs.
Is it easy to find good tenants in Suffolk, VA?
The renter base in Suffolk, VA is reasonable for the $1,881/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How does Suffolk, VA stack up for property investment?
Yes - Suffolk, VA a 3.0/5 investability score. With $568K home prices against $1,881/mo monthly rent, the market delivers a reasonable entry point for new investors.
How landlord-friendly is Suffolk, VA?
The landlord environment in Suffolk, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 23433 now. You don’t know where it ranks.
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How 23433 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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