Real Estate Investing in Courtland, Virginia (23837)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23837 (Courtland, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Courtland, VA (23837)?
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Market Analysis: 23837 Courtland
The 23837 ZIP in Courtland, VA is a local-operator market. Outside capital chasing a $293K entry has to pair deep knowledge with the discount.
On balance, the numbers look inviting — $293K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23837 is substantial and deserves full respect.
Turning to rents, 23837 offers a low basis, the region around Courtland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 23837 ZIP's population of 4,414 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 23837 is an operator game, not a passive one. Turning to rents, entry prices of $293K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Courtland:
Property Strategy for 23837
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,662 | $1,120 | 5.2% | +7.0% | $76,831 |
| 3BR | $275,670 | $1,440 | 3.8% | +7.1% | $91,890 |
| 4BR | $342,977 | $1,880 | 3.9% | +6.5% | $85,744 |
Market Trends
Home Value History (with trend line)
📊 How Does 23837 Compare?
| Metric | 23837 | Courtland | Virginia |
|---|---|---|---|
| Home Value | $293,249 | $293,249 | $403,170 |
| 5-Year CAGR | 6.0% | 6.0% | 6.4% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23837 (Courtland, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $293,249 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.7%). 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 23837
Population: 4,414
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 23837
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
Should investors consider Courtland, VA?
With a 3.0/5 investability score, Courtland, VA ranks as a solid market for rental property investors. Median prices of $293K and rents of $1,008/mo drive the underlying numbers.
What monthly rent should investors expect in Courtland, VA?
Average rent in Courtland, VA is approximately $1,008/mo per month. Against $293K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Courtland, VA?
Homes in Courtland, VA typically sell near $293K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How should investors approach Courtland, VA?
In Courtland, VA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $293K prices and $1,008/mo rents suits that approach.
Are landlord laws favorable in Courtland, VA?
Rental owners in Courtland, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 23837 now. You don’t know where it ranks.
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