Real Estate Investing in McKenney, Virginia (23872)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23872 (McKenney, 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: 17.2% 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 McKenney, VA (23872)?
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Market Analysis: 23872 McKenney
Not every below-median market is a bargain. McKenney's 23872 ZIP reports signals that favor experienced operators who can absorb the risk $276K pricing implies.
In practical terms, the numbers look inviting — $276K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23872 is substantial and deserves full respect.
From an investor standpoint, 23872 offers a low basis, the region around McKenney has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 23872 includes headwinds that any investor should price in. Income distribution skews lower than McKenney averages, and tenant stability requires active management.
Strategy in 23872 is an operator game, not a passive one. On the rental side, entry prices of $276K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in McKenney:
Property Strategy for 23872
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,010 | $1,540 | 6.2% | — | $90,005 |
| 3BR | $259,027 | $1,950 | 5.4% | +10.8% | $86,342 |
| 4BR | $320,944 | $2,410 | 5.4% | — | $80,236 |
Market Trends
Home Value History (with trend line)
📊 How Does 23872 Compare?
| Metric | 23872 | McKenney | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $276,003 | $276,003 | N/A | $403,170 |
| 5-Year CAGR | 8.3% | 8.3% | N/A | 6.4% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23872 (McKenney, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $276,003 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +10.1% ▲ |
🏠 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 (3.9%). 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 23872
Population: 2,511
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 23872
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
Investor Insight: With 508 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in McKenney, VA?
Investors usually favor careful cash-flow rentals with hands-on management in McKenney, VA. With home values at $276K and rents near $1,386/mo, other strategies can work but produce consistent rather than outsized returns.
What monthly rent should investors expect in McKenney, VA?
Average rent in McKenney, VA is approximately $1,386/mo per month. Against $276K home values that yields a reasonable rent-to-price ratio.
What are home prices like in McKenney, VA?
The median home value in McKenney, VA is roughly $276K. That puts it reasonable relative to the VA statewide average.
Is McKenney, VA good for landlords?
For rental operators, McKenney, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of market is McKenney, VA for investors?
Investors tracking McKenney, VA will find a 3.0/5 rating supported by $276K median home values and $1,386/mo rents. That profile suits long-term holders targeting steady returns.
You know 23872 now. You don’t know where it ranks.
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How 23872 ranks in Richmond, VA
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