Real Estate Investing in Capron, Virginia (23829)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23829 (Capron, 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.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Capron, VA (23829)?
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Market Analysis: 23829 Capron
Not every below-median market is a bargain. Capron's 23829 ZIP reports signals that favor experienced operators who can absorb the risk $238K pricing implies.
The investment case in 23829 is robust only for operators who understand what they are buying. A $238K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 23829's metrics run below Southampton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 23829 ZIP's population of 2,557 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 23829 is an operator game, not a passive one. On balance, entry prices of $238K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Capron:
Property Strategy for 23829
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,498 | $970 | 5.0% | +4.9% | $70,249 |
| 3BR | $224,285 | $1,240 | 4.0% | +6.1% | $74,762 |
Market Trends
Home Value History (with trend line)
📊 How Does 23829 Compare?
| Metric | 23829 | Capron | Virginia |
|---|---|---|---|
| Home Value | $238,308 | $238,308 | $403,170 |
| 5-Year CAGR | 5.0% | 5.0% | 6.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23829 (Capron, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,308 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.9%). 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 23829
Population: 2,557
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 23829
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.
Frequently Asked Questions
Does house hacking make sense in Capron, VA?
House hacking in Capron, VA is reasonable to execute. Prices around $238K and rents of $873/mo solid owner-occupant economics.
How do landlord-tenant laws work in Capron, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Capron generally follows the statewide framework, so landlords face reasonable operating rules.
How do home values compare in Capron, VA?
In Capron, VA the median home value sits at $238K. Against the broader VA market, that reads as reasonable for most investors.
What are vacancy rates like in Capron, VA?
Capron, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Where do rents currently stand in Capron, VA?
Investors in Capron, VA typically see rents near $873/mo per month against $238K home values - a solid setup for rental cash flow.
You know 23829 now. You don’t know where it ranks.
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How 23829 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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