HousingHandbookReference data

U.S. ZIP Code · VA23061

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

Typical home value

$376,895[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.2%
5-year / yr
+6.0%
10-year / yr
+5.5%

Relative price

vs U.S.
+32.7%
vs metro
+7.0%
vs state
+14.8%
ZIP 23061 location in VA
Location of ZIP 23061 in VA

Price history

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

The typical home in 23061 is worth $376,895 — 7.0% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 3.2%. The effective property tax rate is 0.6%.

#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
0.6%[3]
Typical annual tax
$2,175[3]

#Climate risk

FEMA National Risk Index ratings for Gloucester 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 Moderate
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
23,308[3]
Median household income
$91,626[3]

#Migration

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

Net migration
+77[5]
Moved in
1,170
Moved out
1,093

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
7
Elementary
3
Middle
2
High
1
  • Gloucester High

    High · Grades 9–12 · Gloucester County Public Schools

    1,549 students

  • Peasley Middle

    Middle · Grades 6–8 · Gloucester County Public Schools

    593 students

  • Page Middle

    Middle · Grades 6–8 · Gloucester County Public Schools

    564 students

  • Botetourt Elementary

    Elementary · Grades PK–5 · Gloucester County Public Schools

    531 students

  • Bethel Elementary

    Elementary · Grades PK–5 · Gloucester County Public Schools

    496 students

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$1,906
Loan principal$301,516
Down payment$75,379
Total interest paid$384,568

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$2,402
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
75th percentile[1]
Rental yield
[2]
Property tax
23rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 23061?
The typical home in 23061 is worth $376,895, based on the Zillow Home Value Index.
Are home values rising in 23061?
Home values in 23061 are up 3.2% over the past year, and up 6.0% a year over five years.
What is the property tax rate in 23061?
The effective property tax rate in 23061 is 0.6% — roughly $2,175 a year on a typical home.
Who lives in 23061?
ZIP code 23061 has a population of 23,308 and a median household income of $91,626.

#Comparable ZIPs

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

  • Norfolk, VA

    Typical home
    $380,042
    Gross yield
    6.3%
  • Virginia Beach, VA

    Typical home
    $373,490
    Gross yield
    6.2%
  • Yorktown CDP, VA

    Typical home
    $382,033
    Gross yield
  • Newport News, VA

    Typical home
    $367,164
    Gross yield
    5.6%
  • Virginia Beach, VA

    Typical home
    $386,794
    Gross yield
    5.6%
  • VA

    Typical home
    $365,891
    Gross yield

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

Compare ZIPs

Pit ZIP 23061 against any other ZIP — full side-by-side table.

Compare 23061

#Jump to section