Real Estate Investing in Prince George, Virginia (23875)
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Should you buy in 23875 (Prince George, 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.
No major risk flags on the data we track.
What’s happening in Prince George, VA (23875)?
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Market Analysis: 23875 Prince George
The 23875 ZIP in Prince George, VA is a local-operator market. Outside capital chasing a $353K entry has to pair deep knowledge with the discount.
For an experienced owner, 23875 can be a an appealing option for hunting ground — but the discount at $353K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Prince George have seen price recovery that 23875 has not matched. Prince George County data supports the view that the spread is structural rather than temporary.
A substantial renter share of 29% in 23875 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 23875 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Prince George:
Property Strategy for 23875
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $248,821 | $1,540 | 4.5% | +5.1% | $124,411 |
| 3BR | $322,932 | $1,950 | 4.3% | +8.9% | $107,644 |
| 4BR | $373,434 | $2,410 | 4.6% | +7.5% | $93,359 |
| 5BR | $442,287 | — | — | +6.1% | $88,457 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23875 Compare?
| Metric | 23875 | Prince George | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $353,064 | $353,064 | N/A | $403,170 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.4% |
| Avg Rent | $1,567 | $1,567 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 23875 (Prince George, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,064 |
| Monthly Rent | $1,567 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.5%). 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 23875
Population: 12,896
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 23875
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 1,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Prince George, VA?
Median home price in Prince George, VA is near $353K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Prince George, VA?
House hacking in Prince George, VA is a challenging. With home values around $353K and rents at $1,567/mo, owner-occupants can offset a meaningful share of PITI.
What is the tenant pool like in Prince George, VA?
Expect a solid tenant pool in Prince George, VA. The rental market absorbs $1,567/mo rents without meaningful friction.
Does Prince George, VA make sense for an investment property?
With a 3.0/5 investability score, Prince George, VA ranks as a solid market for rental property investors. Median prices of $353K and rents of $1,567/mo drive the underlying numbers.
Does Prince George, VA favor landlords or tenants?
Rental owners in Prince George, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 23875 now. You don’t know where it ranks.
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How 23875 ranks in Richmond, VA
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