Real Estate Investing in Church Road, Virginia (23833)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23833 (Church Road, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Church Road, VA (23833)?
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Market Analysis: 23833 Church Road
Investors eyeing 23833 need to respect the fundamentals at play. Home values of $342K come alongside slower price movement and elevated management overhead.
For an experienced owner, 23833 can be a a credible choice for hunting ground — but the discount at $342K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Church Road have seen price recovery that 23833 has not matched. Dinwiddie County data supports the view that the spread is structural rather than temporary.
On balance, 2,284 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Church Road's stable or hybrid ZIPs before stepping into 23833. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Church Road:
Property Strategy for 23833
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $322,699 | $1,950 | 4.4% | +8.8% | $107,566 |
| 4BR | $396,202 | $2,410 | 4.4% | — | $99,051 |
Market Trends
Home Value History (with trend line)
📊 How Does 23833 Compare?
| Metric | 23833 | Church Road | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $342,036 | $342,036 | N/A | $403,170 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 6.4% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23833 (Church Road, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $342,036 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.2%). 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 23833
Population: 2,284
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 23833
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
Frequently Asked Questions
What do rentals go for in Church Road, VA?
Rental rates in Church Road, VA average $1,386/mo. Tenant demand and $342K home values make the yield look reasonable by investor standards.
How qualified is the tenant pool in Church Road, VA?
The tenant pool in Church Road, VA is solid, supported by local employment and population fundamentals. Rents of $1,386/mo are well-absorbed by the market.
What is the typical vacancy rate in Church Road, VA?
Church Road, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does a duplex house hack pencil in Church Road, VA?
The a challenging house-hack environment in Church Road, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors consider Church Road, VA?
The 3.0/5 investability rating in Church Road, VA reflects its $342K prices and $1,386/mo rents. Investors generally consider it a solid option within VA.
You know 23833 now. You don’t know where it ranks.
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How 23833 ranks in Richmond, VA
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