Real Estate Investing in Zuni, Virginia (23898)
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Should you buy in 23898 (Zuni, 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.
- High price-to-rent: Price-to-rent ratio 27.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Zuni, VA (23898)?
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Market Analysis: 23898 Zuni
The 23898 ZIP covers a section of Zuni that demands careful diligence. Prices near $347K 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 23898 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader VA picture, 23898 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 2,146 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 23898 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Zuni:
Property Strategy for 23898
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,995 | $1,170 | 3.7% | +6.5% | $114,498 |
| 3BR | $333,083 | $1,570 | 3.4% | +7.2% | $111,028 |
| 4BR | $451,603 | $1,950 | 3.1% | +7.3% | $112,901 |
Market Trends
Home Value History (with trend line)
📊 How Does 23898 Compare?
| Metric | 23898 | Zuni | Virginia |
|---|---|---|---|
| Home Value | $346,551 | $346,551 | $403,170 |
| 5-Year CAGR | 5.7% | 5.7% | 6.4% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 23898 (Zuni, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $346,551 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (2.4%). 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 23898
Population: 2,146
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
What do rentals go for in Zuni, VA?
Rental rates in Zuni, VA average $1,053/mo. Tenant demand and $347K home values make the yield look reasonable by investor standards.
Are tenants stable in Zuni, VA?
Zuni, VA draws a steady base of working renters. Demand at the $1,053/mo rent level is reasonable for standard single-family and small multi rentals.
What strategy should investors use in Zuni, VA?
A careful cash-flow rentals with hands-on management strategy Zuni, VA best. The market produces even-keeled results for that approach at the $347K price point.
How do landlord-tenant laws work in Zuni, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Zuni generally follows the statewide framework, so landlords face reasonable operating rules.
Is Zuni, VA a good market for FHA house hackers?
Zuni, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $347K price point reasonable to enter.
You know 23898 now. You don’t know where it ranks.
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How 23898 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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