Real Estate Investing in Drakes Branch, Virginia (23937)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23937 (Drakes Branch, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.2% of homes vacant — above national norms.
- Lower household income: $37,430 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Drakes Branch, VA (23937)?
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Market Analysis: 23937 Drakes Branch
Investors eyeing 23937 need to respect the fundamentals at play. Home values of $190K come alongside slower price movement and elevated management overhead.
Rent of $1,062/mo on a $190K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23937 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 23937 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 23937 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Drakes Branch's stable or hybrid ZIPs before stepping into 23937. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Drakes Branch:
Market Trends
Home Value History (with trend line)
📊 How Does 23937 Compare?
| Metric | 23937 | Drakes Branch | Virginia |
|---|---|---|---|
| Home Value | $189,533 | $189,533 | $403,170 |
| 5-Year CAGR | 6.1% | 6.1% | 6.4% |
| Avg Rent | $1,062 | $1,062 | - |
| 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 23937 (Drakes Branch, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,533 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +22.7% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 (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 23937
Population: 2,079
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 it easy to find good tenants in Drakes Branch, VA?
The renter base in Drakes Branch, VA is reasonable for the $1,062/mo price point. Screening well and pricing to market typically yields stable tenants.
How strong is Drakes Branch, VA for real estate investors?
Drakes Branch, VA scores 3.0/5 for investability. Home values sit at $190K and rents near $1,062/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the average home sale price in Drakes Branch, VA?
Expect median prices around $190K in Drakes Branch, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How do landlord-tenant laws work in Drakes Branch, VA?
VA ranks as a landlord-friendly state for landlord-tenant law. Drakes Branch generally follows the statewide framework, so landlords face reasonable operating rules.
Should investors worry about vacancy in Drakes Branch, VA?
Vacancy in Drakes Branch, VA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,062/mo.
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