Real Estate Investing in Melfa, Virginia (23418)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23418 (Melfa, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 30.0% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Melfa, VA (23418)?
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Market Analysis: 23418 Melfa
The 23418 ZIP covers a section of Melfa that demands careful diligence. Prices near $259K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $259K asset, 23418 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader VA picture, 23418 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 23418 includes headwinds that any investor should price in. Income distribution skews lower than Melfa averages, and tenant stability requires active management.
Strategically, 23418 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 Melfa:
Market Trends
Home Value History (with trend line)
📊 How Does 23418 Compare?
| Metric | 23418 | Melfa | Virginia |
|---|---|---|---|
| Home Value | $259,037 | $248,597 | $403,170 |
| 5-Year CAGR | 5.5% | 4.6% | 6.4% |
| Avg Rent | $909 | $954 | - |
| Cap Rate | 2.7% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23418 (Melfa, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,037 |
| Monthly Rent | $909 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 23418
Population: 742
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 23418
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
Is vacancy a concern in Melfa, VA?
Expect elevated vacancy in Melfa, VA. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
How should investors approach Melfa, VA?
Most investors in Melfa, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are rents high in Melfa, VA?
Rents in Melfa, VA run near $909/mo. Compared with median home prices of $259K that produces solid gross yields for typical rentals.
Is Melfa, VA a friendly market for rental owners?
Melfa, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Melfa, VA a good place for real estate investing?
Yes - Melfa, VA a 3.0/5 investability score. With $259K home prices against $909/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 23418 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23418 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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