Real Estate Investing in Randolph, Virginia (23962)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23962 (Randolph, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 29.1% of homes vacant — above national norms.
- Elevated poverty: 23.6% poverty rate — can affect rent collection.
• 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 Randolph, VA (23962)?
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Market Analysis: 23962 Randolph
ZIP 23962 inside Charlotte County looks affordable on the surface — median value of $188K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $999/mo on a $188K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 23962 sits below the stated 0.0% once reality is priced in.
The gap between 23962 and stronger Randolph ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 23962 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 23962 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 Randolph:
Market Trends
Home Value History (with trend line)
📊 How Does 23962 Compare?
| Metric | 23962 | Randolph | Virginia |
|---|---|---|---|
| Home Value | $188,158 | $188,158 | $403,170 |
| 5-Year CAGR | N/A | N/A | 6.4% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23962 (Randolph, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,158 |
| Monthly Rent | $999 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +21.5% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 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 (4.1%). 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 23962
Population: 498
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
Does house hacking make sense in Randolph, VA?
House hacking works a challenging in Randolph, VA. Rents of $999/mo against $188K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Randolph, VA?
Working renters make up the core of the Randolph, VA tenant base. The pool is reasonable for investors targeting long-term holds.
Is Randolph in VA worth investing in?
Our data puts Randolph, VA at 2.0/5 for investability. Home prices of $188K and rents around $999/mo create a solid backdrop for investor activity.
How much rent can I charge in Randolph, VA?
Rents in Randolph, VA run near $999/mo. Compared with median home prices of $188K that produces solid gross yields for typical rentals.
Is rental property easy to operate in Randolph, VA?
The landlord environment in Randolph, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 23962 now. You don’t know where it ranks.
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