Real Estate Investing in Keysville, Virginia (23947)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23947 (Keysville, 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: 27.1% 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 Keysville, VA (23947)?
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Market Analysis: 23947 Keysville
ZIP 23947 in Keysville, VA carries a robust set of headwinds. Home values near $198K and rents of $819/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 23947 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 23947 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 23947 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears 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 Keysville:
Property Strategy for 23947
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,115 | $910 | 4.8% | +8.1% | $67,557 |
| 3BR | $192,403 | $1,150 | 4.3% | +8.4% | $64,134 |
Market Trends
Home Value History (with trend line)
📊 How Does 23947 Compare?
| Metric | 23947 | Keysville | Virginia |
|---|---|---|---|
| Home Value | $197,978 | $197,978 | $403,170 |
| 5-Year CAGR | 5.6% | 5.6% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 23947 (Keysville, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,978 |
| Monthly Rent | $819 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +15.4% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.2%). 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 23947
Population: 3,195
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 23947
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
Is Keysville, VA good for house hacking?
The house hack math a challenging in Keysville, VA. Owner-occupant buyers benefit from the $819/mo rents and $198K home values.
Is Keysville, VA a good place for real estate investing?
Yes - Keysville, VA a 3.0/5 investability score. With $198K home prices against $819/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical renter like in Keysville, VA?
Tenant quality in Keysville, VA ranks as solid. Landlords generally report consistent occupancy at market rents of $819/mo.
Is Keysville, VA a friendly market for rental owners?
Keysville, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much is rent in Keysville, VA?
Rents in Keysville, VA run near $819/mo. Compared with median home prices of $198K that produces solid gross yields for typical rentals.
You know 23947 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23947 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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Community Ratings
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