Real Estate Investing in Suffolk, Virginia (23437)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23437 (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 price-to-rent: Price-to-rent ratio 26.4 — 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 (23437)?
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Market Analysis: 23437 Suffolk
ZIP 23437 in Suffolk, VA carries a solid set of headwinds. Home values near $354K and rents of $1,116/mo sit inside a market where underwriting has to be tight.
The investment case in 23437 is robust only for operators who understand what they are buying. A $354K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Suffolk have seen price recovery that 23437 has not matched. Suffolk City data supports the view that the spread is structural rather than temporary.
Resident income in 23437 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 23437 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Suffolk:
Property Strategy for 23437
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $229,477 | $1,240 | 3.9% | +8.6% | $114,738 |
| 3BR | $343,308 | $1,720 | 3.6% | +7.6% | $114,436 |
| 4BR | $484,799 | $2,060 | 3.1% | +8.0% | $121,200 |
Market Trends
Home Value History (with trend line)
📊 How Does 23437 Compare?
| Metric | 23437 | Suffolk | Virginia |
|---|---|---|---|
| Home Value | $353,658 | $438,534 | $403,170 |
| 5-Year CAGR | 5.2% | 5.5% | 6.4% |
| Avg Rent | $1,116 | $1,778 | - |
| Cap Rate | 2.5% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23437 (Suffolk, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,658 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 26.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.5%). 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 23437
Population: 5,088
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 23437
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
Frequently Asked Questions
Should investors worry about vacancy in Suffolk, VA?
Suffolk, VA carries elevated vacancy risk. Expect consistent absorption at market rents of $1,116/mo.
Is Suffolk, VA good for landlords?
Suffolk, VA operates under VA law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Is Suffolk, VA a good market for buy-and-hold investors?
Suffolk, VA rates 3.0/5 for investability. With median values at $354K and rents near $1,116/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Suffolk, VA?
Suffolk, VA offers a stable renter base at the $1,116/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much is rent in Suffolk, VA?
Rental rates in Suffolk, VA average $1,116/mo. Tenant demand and $354K home values make the yield look reasonable by investor standards.
You know 23437 now. You don’t know where it ranks.
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How 23437 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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