Real Estate Investing in Exmore, Virginia (23350)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23350 (Exmore, 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 vacancy: 24.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Exmore, VA (23350)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23350 Exmore
Not every below-median market is a bargain. Exmore's 23350 ZIP sits at signals that favor experienced operators who can absorb the risk $202K pricing implies.
For an experienced owner, 23350 can be a a viable market for hunting ground — but the discount at $202K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 23350 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 23350 ZIP's population of 2,993 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 23350 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Exmore:
Market Trends
Home Value History (with trend line)
📊 How Does 23350 Compare?
| Metric | 23350 | Exmore | Virginia |
|---|---|---|---|
| Home Value | $201,747 | $201,747 | $403,170 |
| 5-Year CAGR | 5.9% | 5.9% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.2% | 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 23350 (Exmore, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 23350 (Exmore, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $201,747 |
| Monthly Rent | $819 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (3.2%). 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 23350
Population: 2,993
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 23350
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 Exmore, VA a good place for real estate investing?
With a 3.0/5 investability score, Exmore, VA ranks as a solid market for rental property investors. Median prices of $202K and rents of $819/mo drive the underlying numbers.
What do rentals go for in Exmore, VA?
Rents in Exmore, VA run near $819/mo. Compared with median home prices of $202K that produces solid gross yields for typical rentals.
Which real estate strategy fits Exmore, VA?
Exmore, VA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($202K prices, $819/mo rents) make it a reasonable choice.
Does house hacking make sense in Exmore, VA?
For house hackers, Exmore, VA is a challenging. The $819/mo rent on a unit helps defray the mortgage on a $202K property.
What is the typical vacancy rate in Exmore, VA?
Rental vacancy in Exmore, VA is elevated. Investors should budget normal turnover but not chronic empty units.
You know 23350 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23350 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.
AI Market Advisor
Ask questions about investing in 23350 (Exmore)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 23350 (Exmore, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.