Real Estate Investing in Suffolk, Virginia (23435)
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Should you buy in 23435 (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.
No major risk flags on the data we track.
What’s happening in Suffolk, VA (23435)?
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Market Analysis: 23435 Suffolk
ZIP 23435 in Suffolk, VA carries a impressive set of headwinds. Home values near $455K and rents of $2,329/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23435 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 23435 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 23435 ZIP's population of 33,401 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategically, 23435 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 23435
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,014 | $2,170 | 5.8% | +8.3% | $134,007 |
| 3BR | $365,889 | $3,010 | 5.9% | +6.7% | $121,963 |
| 4BR | $473,117 | $3,540 | 5.4% | +7.3% | $118,279 |
| 5BR | $622,443 | — | — | +7.1% | $124,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23435 Compare?
| Metric | 23435 | Suffolk | Virginia |
|---|---|---|---|
| Home Value | $455,063 | $438,534 | $403,170 |
| 5-Year CAGR | 5.4% | 5.5% | 6.4% |
| Avg Rent | $2,329 | $1,778 | - |
| Cap Rate | 4.0% | 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 23435 (Suffolk, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $455,063 |
| Monthly Rent | $2,329 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 23435
Population: 33,401
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 23435
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,169 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Suffolk, VA?
Suffolk, VA draws a stable base of working renters. Demand at the $2,329/mo rent level is reasonable for standard single-family and small multi rentals.
Is real estate in Suffolk, VA a good investment right now?
Suffolk, VA scores 3.0/5 for investability. Home values sit at $455K and rents near $2,329/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Suffolk, VA?
Suffolk, 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 Suffolk, VA?
The house hack math a challenging in Suffolk, VA. Owner-occupant buyers benefit from the $2,329/mo rents and $455K home values.
What strategy should investors use in Suffolk, VA?
A careful cash-flow rentals with hands-on management strategy Suffolk, VA best. The market produces predictable results for that approach at the $455K price point.
You know 23435 now. You don’t know where it ranks.
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How 23435 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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