Real Estate Investing in Victoria, Virginia (23974)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23974 (Victoria, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.1% 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 Victoria, VA (23974)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23974 Victoria
Turning to rents, ZIP 23974 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $142K median. It rewards specialists, not generalists.
Rent of $819/mo on a $142K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23974 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 23974 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 23974 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 23974 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Victoria:
Property Strategy for 23974
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $104,127 | $910 | 6.3% | +8.8% | $52,063 |
| 3BR | $151,853 | $1,130 | 5.4% | +9.0% | $50,618 |
Market Trends
Home Value History (with trend line)
📊 How Does 23974 Compare?
| Metric | 23974 | Victoria | Virginia |
|---|---|---|---|
| Home Value | $141,570 | $141,570 | $403,170 |
| 5-Year CAGR | 5.5% | 5.5% | 6.4% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 4.5% | 4.5% | - |
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 23974 (Victoria, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,570 |
| Monthly Rent | $819 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (4.5%). 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 23974
Population: 4,908
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 23974
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
Where do home prices stand in Victoria, VA?
In Victoria, VA the median home value sits at $142K. Against the broader VA market, that reads as reasonable for most investors.
What investment strategy works best in Victoria, VA?
The best-fit strategy in Victoria, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong are rents in Victoria, VA?
Victoria, VA rentals go for roughly $819/mo a month. That puts gross yield in solid territory relative to $142K acquisition costs.
What does house hacking look like in Victoria, VA?
Victoria, VA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $142K price point reasonable to enter.
How strong is tenant demand in Victoria, VA?
Tenant demand in Victoria, VA is solid. The local workforce $819/mo rents across most rental classes.
You know 23974 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 23974 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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