Real Estate Investing in Clarksville, Virginia (23927)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23927 (Clarksville, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 41.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.8 — 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 Clarksville, VA (23927)?
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Market Analysis: 23927 Clarksville
On balance, ZIP 23927 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $312K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $312K asset, 23927 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within VA, ZIP 23927 trails on several market indicators that neighboring Mecklenburg County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 23927 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 23927 is an operator game, not a passive one. On balance, entry prices of $312K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Clarksville:
Property Strategy for 23927
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $270,407 | $910 | 2.4% | +10.1% | $135,203 |
| 3BR | $333,204 | $1,190 | 2.6% | +9.3% | $111,068 |
| 4BR | $415,892 | $1,290 | 2.2% | +9.2% | $103,973 |
Market Trends
Home Value History (with trend line)
📊 How Does 23927 Compare?
| Metric | 23927 | Clarksville | Virginia |
|---|---|---|---|
| Home Value | $312,186 | $312,186 | $403,170 |
| 5-Year CAGR | 6.8% | 6.8% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 23927 (Clarksville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $312,186 |
| Monthly Rent | $819 |
| Price-to-Rent | 31.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.1%). 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 23927
Population: 4,715
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 Clarksville, VA a friendly market for rental owners?
Rental owners in Clarksville, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the renter demographic in Clarksville, VA?
Tenant demand in Clarksville, VA is solid. The local workforce $819/mo rents across most rental classes.
Which investment style suits Clarksville, VA?
In Clarksville, VA the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $312K prices and $819/mo rents suits that approach.
Is Clarksville, VA good for house hacking?
Clarksville, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $312K price point reasonable to enter.
What is the median home value in Clarksville, VA?
Clarksville, VA home values average about $312K. That price point suits investors targeting rentals with $819/mo in monthly income.
You know 23927 now. You don’t know where it ranks.
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