Real Estate Investing in Poquoson, Virginia (23662)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23662 (Poquoson, VA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Poquoson, VA (23662)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23662 Poquoson
ZIP 23662 inside Poquoson City looks affordable on the surface — median value of $471K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,305/mo on a $471K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23662 sits below the stated 0.0% once reality is priced in.
The gap between 23662 and stronger Poquoson ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 23662 includes headwinds that any investor should price in. Income distribution skews lower than Poquoson averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 23662 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 Poquoson:
Property Strategy for 23662
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $261,440 | $1,990 | 5.5% | +6.5% | $130,720 |
| 3BR | $384,585 | $2,760 | 5.2% | +5.7% | $128,195 |
| 4BR | $534,008 | $3,250 | 4.4% | +6.2% | $133,502 |
| 5BR | $648,558 | — | — | +6.0% | $129,712 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23662 Compare?
| Metric | 23662 | Poquoson | Virginia |
|---|---|---|---|
| Home Value | $470,938 | $470,938 | $403,170 |
| 5-Year CAGR | 4.8% | 4.8% | 6.4% |
| Avg Rent | $2,305 | $2,305 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 23662 (Poquoson, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $470,938 |
| Monthly Rent | $2,305 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (3.8%). 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 23662
Population: 12,556
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 23662
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Bethel Manor Elementary
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 1,158 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Poquoson, VA?
Poquoson, VA median home values land near $471K. That is reasonable territory for investors looking at $2,305/mo-per-month rentals.
Do landlords face vacancy issues in Poquoson, VA?
Rental vacancy in Poquoson, VA is elevated. Investors should budget normal turnover but not chronic empty units.
Are tenants stable in Poquoson, VA?
Poquoson, VA draws a measured base of working renters. Demand at the $2,305/mo rent level is reasonable for standard single-family and small multi rentals.
Does Poquoson, VA favor landlords or tenants?
Rental owners in Poquoson, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What monthly rent should investors expect in Poquoson, VA?
Average rent in Poquoson, VA is approximately $2,305/mo per month. Against $471K home values that yields a reasonable rent-to-price ratio.
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How 23662 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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