Real Estate Investing in Alberta, Virginia (23821)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23821 (Alberta, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.8% 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 Alberta, VA (23821)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23821 Alberta
Not every below-median market is a bargain. Alberta's 23821 ZIP registers signals that favor experienced operators who can absorb the risk $140K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 23821 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Looking more closely, 23821 offers a low basis, the region around Alberta has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 23821 ZIP's population of 1,894 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The 23821 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 Alberta:
Market Trends
Home Value History (with trend line)
📊 How Does 23821 Compare?
| Metric | 23821 | Alberta | Virginia |
|---|---|---|---|
| Home Value | $140,429 | $140,429 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 5.0% | 5.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23821 (Alberta, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,429 |
| Monthly Rent | $891 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 16.0% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (5.0%). 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 23821
Population: 1,894
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 23821
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 508 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Alberta, VA?
Rental vacancy in Alberta, VA is elevated. Investors should budget normal turnover but not chronic empty units.
How much rent can I charge in Alberta, VA?
Rents in Alberta, VA run near $891/mo. Compared with median home prices of $140K that produces solid gross yields for typical rentals.
Is it easy to find good tenants in Alberta, VA?
Tenant demand in Alberta, VA is solid. The local workforce $891/mo rents across most rental classes.
How much should I expect to pay for a home in Alberta, VA?
Expect median prices around $140K in Alberta, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Which real estate strategy fits Alberta, VA?
The best-fit strategy in Alberta, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 23821 now. You don’t know where it ranks.
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