Real Estate Investing in Skipwith, Virginia (23968)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23968 (Skipwith, VA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.4% of homes vacant — above national norms.
- Elevated poverty: 25.3% poverty rate — can affect rent collection.
- Lower household income: $35,000 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Skipwith, VA (23968)?
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Market Analysis: 23968 Skipwith
The 23968 ZIP covers a section of Skipwith that demands careful diligence. Prices near $188K 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 23968 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 23968 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 23968 includes headwinds that any investor should price in. Income distribution skews lower than Skipwith averages, and tenant stability requires active management.
Strategically, 23968 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 Skipwith:
Market Trends
Home Value History (with trend line)
📊 How Does 23968 Compare?
| Metric | 23968 | Skipwith | Virginia |
|---|---|---|---|
| Home Value | $187,550 | $187,550 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23968 (Skipwith, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,550 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 23968
Population: 737
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 23968
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 rental property easy to operate in Skipwith, VA?
The landlord environment in Skipwith, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical renter like in Skipwith, VA?
Skipwith, VA offers a steady renter base at the $846/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are there empty rentals in Skipwith, VA?
Skipwith, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
Can owner-occupants cash flow in Skipwith, VA?
Skipwith, VA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
What are home prices like in Skipwith, VA?
The median home value in Skipwith, VA is roughly $188K. That puts it reasonable relative to the VA statewide average.
You know 23968 now. You don’t know where it ranks.
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