Real Estate Investing in Suffolk, Virginia (23434)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23434 (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.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Suffolk, VA (23434)?
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Market Analysis: 23434 Suffolk
ZIP 23434 in Suffolk, VA carries a robust set of headwinds. Home values near $346K and rents of $1,820/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $346K asset, 23434 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 23434's metrics run below Suffolk City's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 23434 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. resilient returns are possible in 23434, 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 Suffolk:
Property Strategy for 23434
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,641 | $1,610 | 6.5% | +9.5% | $88,820 |
| 3BR | $294,938 | $2,230 | 5.4% | +7.3% | $98,313 |
| 4BR | $422,693 | $2,630 | 4.5% | +7.3% | $105,673 |
| 5BR | $525,681 | — | — | +7.0% | $105,136 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23434 Compare?
| Metric | 23434 | Suffolk | Virginia |
|---|---|---|---|
| Home Value | $345,763 | $438,534 | $403,170 |
| 5-Year CAGR | 5.4% | 5.5% | 6.4% |
| Avg Rent | $1,820 | $1,778 | - |
| Cap Rate | 4.1% | 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 23434 (Suffolk, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $345,763 |
| Monthly Rent | $1,820 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 23434
Population: 52,556
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 23434
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
What is the median home value in Suffolk, VA?
Expect median prices around $346K in Suffolk, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Do rentals sit vacant long in Suffolk, VA?
Expect elevated vacancy in Suffolk, VA. Rents at $1,820/mo are absorbed by the tenant base without meaningful lag.
How strong is Suffolk, VA for real estate investors?
Suffolk, VA scores 3.0/5 for investability. Home values sit at $346K and rents near $1,820/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does Suffolk, VA favor landlords or tenants?
Suffolk, VA operates under VA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Which real estate strategy fits Suffolk, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Suffolk, VA. The numbers - $346K homes against $1,820/mo rents - support that play.
You know 23434 now. You don’t know where it ranks.
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How 23434 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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