The story of this market
The typical home in ZIP 22723 sells for about $425,000, or $215 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 22723 — Hood
The housing market in 22723 remains stable with low inventory and steady demand from buyers seeking rural properties. Prices have seen modest year-over-year growth, supported by limited supply and the area's appeal to remote workers and commuters.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are willing to endure a longer commute for the benefit of larger lot sizes and lower density.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 0.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 22723, Culpeper County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this rural area are generally low and remain stable, consistently tracking below regional averages for larger metropolitan centers.
Schools serving this area are part of the Culpeper County Public Schools system, which maintains a satisfactory rating and focuses on community-integrated education.
The area is subject to standard regional flood and wind risks; property insurance premiums are stable but reflect the rural nature of the geography.
Economic momentum is driven by local agriculture, small business, and a growing number of commuters seeking rural living within reach of Northern Virginia employment hubs.
Property taxes are assessed by the county based on fair market value; there are no local municipal income taxes, and special district levies are minimal.
Commuting to the Northern Virginia employment core typically involves a 60-90 minute drive via US-29 or regional highway corridors.
The area offers access to rural parks, local hiking trails, and proximity to the Blue Ridge Mountains, with limited immediate commercial shopping.
The rental market is limited in depth, characterized by low turnover and a mix of long-term residential leases and occasional rural property rentals.
The local economy is anchored by agriculture, local government, and small-scale retail, with many residents commuting to larger employment centers in the D.C. metro area.
Transportation is primarily automobile-dependent, relying on state routes and US-29 for regional connectivity.
Development is largely focused on low-density residential expansion and preservation of rural land character.
The Culpeper County assessor conducts periodic reassessments to align property values with current market trends.
Parcels are subject to county-level school and general fund levies, with no significant MUD or PID structures.
Property insurance remains available and competitive, though homeowners should account for regional weather-related risks.
The state continues to see net domestic migration gains, particularly in suburban and exurban areas.
Virginia operates as a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Virginia is a 'caveat emptor' state, though sellers are required to provide a standard residential property disclosure statement.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local recreational opportunities including fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.