Real Estate Investing in Crewe, Virginia (23930)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23930 (Crewe, 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: 16.4% 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 Crewe, VA (23930)?
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Market Analysis: 23930 Crewe
From an investor standpoint, ZIP 23930 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $203K median. It rewards specialists, not generalists.
The investment case in 23930 is robust only for operators who understand what they are buying. A $203K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 23930 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 23930 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Crewe:
Market Trends
Home Value History (with trend line)
📊 How Does 23930 Compare?
| Metric | 23930 | Crewe | Virginia |
|---|---|---|---|
| Home Value | $202,970 | $199,510 | $403,170 |
| 5-Year CAGR | 9.1% | 6.2% | 6.4% |
| Avg Rent | $918 | $1,152 | - |
| Cap Rate | 3.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23930 (Crewe, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,970 |
| Monthly Rent | $918 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +16.9% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.5%). 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 23930
Population: 5,258
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 23930
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.
Frequently Asked Questions
Are homes affordable in Crewe, VA?
Crewe, VA median home values land near $203K. That is reasonable territory for investors looking at $918/mo-per-month rentals.
Do landlords face vacancy issues in Crewe, VA?
Rental vacancy in Crewe, VA is elevated. Investors should budget normal turnover but not chronic empty units.
Are tenants stable in Crewe, VA?
Crewe, VA draws a even-keeled base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
Does a duplex house hack pencil in Crewe, VA?
For house hackers, Crewe, VA is a challenging. The $918/mo rent on a unit helps defray the mortgage on a $203K property.
Are landlord laws favorable in Crewe, VA?
Crewe, VA operates under VA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
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