Real Estate Investing in Boykins, Virginia (23827)
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Should you buy in 23827 (Boykins, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.9% 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 Boykins, VA (23827)?
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Market Analysis: 23827 Boykins
ZIP 23827 in Boykins, VA carries a notable set of headwinds. Home values near $176K and rents of $918/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $176K asset, 23827 is the wrong submarket. If the plan prices in friction, the yield can still work.
Stepping back, 23827 offers a low basis, the region around Boykins has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 23827 ZIP's population of 1,086 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
New investors are better served looking at Boykins's stable or hybrid ZIPs before stepping into 23827. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Boykins:
Property Strategy for 23827
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,814 | $1,020 | 6.2% | +8.6% | $59,407 |
| 3BR | $194,052 | $1,320 | 4.9% | +7.1% | $64,684 |
Market Trends
Home Value History (with trend line)
📊 How Does 23827 Compare?
| Metric | 23827 | Boykins | Virginia |
|---|---|---|---|
| Home Value | $175,606 | $175,606 | $403,170 |
| 5-Year CAGR | 3.5% | 3.5% | 6.4% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23827 (Boykins, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,606 |
| Monthly Rent | $918 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.1%). 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 23827
Population: 1,086
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Boykins, VA a good place for real estate investing?
With a 3.0/5 investability score, Boykins, VA ranks as a solid market for rental property investors. Median prices of $176K and rents of $918/mo drive the underlying numbers.
Do rentals sit vacant long in Boykins, VA?
Occupancy in Boykins, VA runs measured with elevated vacancy. Well-priced units at $918/mo lease on reasonable timelines.
What is the typical renter like in Boykins, VA?
The renter base in Boykins, VA is reasonable for the $918/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Does house hacking work in Boykins, VA?
The a challenging house-hack environment in Boykins, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What do rentals go for in Boykins, VA?
Rents in Boykins, VA run near $918/mo. Compared with median home prices of $176K that produces solid gross yields for typical rentals.
You know 23827 now. You don’t know where it ranks.
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How 23827 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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