Is Innovation, VA a good place to invest in rental property?

Innovation, VA has a median modeled monthly cash flow of $-2,067 and a median cap rate of 2.3%, on a median sold price of $546,313. Prices changed -1.5% year over year.

What is the average cap rate in Innovation, VA?

The median cap rate across recently sold homes in Innovation, VA is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Innovation, VA?

The median sold price in Innovation, VA is $546,313 (about $301 per square foot).

Investing in Innovation, VA Real Estate

A data-driven snapshot of the Innovation, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$546,313Median sold price

$301Median $/sqft

2.3%Median cap rate

$-2,067Modeled cash flow / mo

-1.5%Appreciation YoY

9.6Months of supply

69Active listings

86Sold (last 12 mo)

What the Innovation numbers say

In Innovation, VA, the median home sold for $546,313 (about $301 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,067 of monthly cash flow. Sold prices moved -1.5% over the past year. Inventory sits at about 9.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Innovation cash-flowing listings

CashFlowRE ranks every for-sale home in Innovation, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Innovation deals, or browse the national market data.