HousingHandbookReference data

U.S. ZIP Code · VA23056

Mathews County · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$351,243[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.3%
5-year / yr
10-year / yr

Relative price

vs U.S.
+23.6%
vs metro
≈ metro median
vs state
+7.0%
ZIP 23056 location in VA
Location of ZIP 23056 in VA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23056 is worth $351,243. Over the past year, values have fallen 2.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
[3]
Typical annual tax
[3]

#Climate risk

FEMA National Risk Index ratings for Mathews County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Relatively Moderate
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Relatively Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
175[3]
Median household income
$79,205[3]

#Migration

Household moves in and out of Mathews County over a year, from IRS tax-return data.

Net migration
+14[5]
Moved in
228
Moved out
214

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,776
Loan principal$280,995
Down payment$70,249
Total interest paid$358,393

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,420
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 23056?
The typical home in 23056 is worth $351,243, based on the Zillow Home Value Index.
Are home values rising in 23056?
Home values in 23056 are down 2.3% over the past year.
Who lives in 23056?
ZIP code 23056 has a population of 175 and a median household income of $79,205.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Suffolk, VA

    Typical home
    $353,424
    Gross yield
  • Gloucester Point CDP, VA

    Typical home
    $353,908
    Gross yield
  • VA

    Typical home
    $354,091
    Gross yield
  • NC

    Typical home
    $356,973
    Gross yield
  • VA

    Typical home
    $344,929
    Gross yield
  • Suffolk, VA

    Typical home
    $342,972
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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