Real Estate Investing in Ivor, Virginia (23878)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23878 (Ivor, 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 Ivor, VA (23878)?
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Market Analysis: 23878 Ivor
The 23878 ZIP in Ivor, VA is a local-operator market. Outside capital chasing a $283K entry has to pair deep knowledge with the discount.
For an experienced owner, 23878 can be a worth a close look for hunting ground — but the discount at $283K reflects genuine risk that outside investors often underestimate.
In the broader VA picture, 23878 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 23878 ZIP's population of 1,205 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 23878 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ivor:
Market Trends
Home Value History (with trend line)
📊 How Does 23878 Compare?
| Metric | 23878 | Ivor | Virginia |
|---|---|---|---|
| Home Value | $283,031 | $291,998 | $403,170 |
| 5-Year CAGR | 5.5% | 5.8% | 6.4% |
| Avg Rent | $1,053 | $1,098 | - |
| 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 23878 (Ivor, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,031 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 23878
Population: 1,205
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 23878
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 is the average monthly rent in Ivor, VA?
Rent in Ivor, VA is around $1,053/mo. The resulting rent-to-value relationship with $283K pricing is reasonable for most investor models.
What is the rental occupancy rate in Ivor, VA?
Occupancy in Ivor, VA runs measured with elevated vacancy. Well-priced units at $1,053/mo lease on reasonable timelines.
How strong is Ivor, VA for real estate investors?
Ivor, VA scores 3.0/5 for investability. Home values sit at $283K and rents near $1,053/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much should I expect to pay for a home in Ivor, VA?
Typical homes in Ivor, VA go for around $283K. The 5-year CAGR of 0.0% steady price movement.
How do experienced investors play Ivor, VA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Ivor, VA. The numbers - $283K homes against $1,053/mo rents - support that play.
You know 23878 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23878 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 23878 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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