Real Estate Investing in Skippers, Virginia (23879)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23879 (Skippers, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Skippers, VA (23879)?
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Market Analysis: 23879 Skippers
The 23879 ZIP covers a section of Skippers that demands careful diligence. Prices near $167K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 23879 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 23879 and stronger Skippers ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 23879 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 23879 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Skippers:
Market Trends
Home Value History (with trend line)
📊 How Does 23879 Compare?
| Metric | 23879 | Skippers | Virginia |
|---|---|---|---|
| Home Value | $166,926 | $166,926 | $403,170 |
| 5-Year CAGR | 2.7% | 2.7% | 6.4% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23879 (Skippers, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $166,926 |
| Monthly Rent | $936 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.4%). 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 23879
Population: 532
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Can I live-in-and-rent in Skippers, VA?
The house hack math a challenging in Skippers, VA. Owner-occupant buyers benefit from the $936/mo rents and $167K home values.
What is the investability score for Skippers, VA?
Yes - Skippers, VA a 3.0/5 investability score. With $167K home prices against $936/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical renter like in Skippers, VA?
Skippers, VA offers a even-keeled renter base at the $936/mo rent level. Tenant turnover is reasonable for well-managed properties.
How landlord-friendly is Skippers, VA?
The landlord environment in Skippers, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are there empty rentals in Skippers, VA?
Skippers, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
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