Real Estate Investing in Ivor, Virginia (23866)
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Should you buy in 23866 (Ivor, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.6% 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 Ivor, VA (23866)?
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Market Analysis: 23866 Ivor
The 23866 ZIP covers a section of Ivor that demands careful diligence. Prices near $301K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23866 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 23866 and stronger Ivor ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 23866 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Ivor's stable or hybrid ZIPs before stepping into 23866. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Ivor:
Property Strategy for 23866
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,274 | $1,270 | 5.6% | +4.1% | $81,137 |
| 3BR | $293,074 | $1,680 | 4.1% | +7.2% | $97,691 |
| 4BR | $380,062 | $2,120 | 4.0% | +7.2% | $95,015 |
Market Trends
Home Value History (with trend line)
📊 How Does 23866 Compare?
| Metric | 23866 | Ivor | Virginia |
|---|---|---|---|
| Home Value | $300,965 | $291,998 | $403,170 |
| 5-Year CAGR | 6.1% | 5.8% | 6.4% |
| Avg Rent | $1,143 | $1,098 | - |
| Cap Rate | 3.0% | 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 23866 (Ivor, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $300,965 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.0%). 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 23866
Population: 1,837
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
Frequently Asked Questions
Is real estate in Ivor, VA a good investment right now?
Investors tracking Ivor, VA will find a 3.0/5 rating supported by $301K median home values and $1,143/mo rents. That profile suits long-term holders targeting predictable returns.
Do landlords face vacancy issues in Ivor, VA?
Ivor, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the best play in Ivor, VA?
The best-fit strategy in Ivor, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can owner-occupants cash flow in Ivor, VA?
House hacking in Ivor, VA is a challenging. With home values around $301K and rents at $1,143/mo, owner-occupants can offset a meaningful share of PITI.
Are eviction rules reasonable in Ivor, VA?
Ivor, VA operates under VA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 23866 now. You don’t know where it ranks.
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How 23866 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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