HousingHandbookReference data

U.S. ZIP Code · VA23072

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

Typical home value

$364,748[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.6%
5-year / yr
+5.3%
10-year / yr
+4.8%

Relative price

vs U.S.
+28.4%
vs metro
+3.5%
vs state
+11.1%
ZIP 23072 location in VA
Location of ZIP 23072 in VA

Price history

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

The typical home in 23072 is worth $364,748 — 3.5% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 3.6%. The effective property tax rate is 0.5%.

#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
0.5%[3]
Typical annual tax
$1,994[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
13,328[3]
Median household income
$74,559[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
2
Elementary
2
Middle
0
High
0
  • Abingdon Elementary

    Elementary · Grades PK–5 · Gloucester County Public Schools

    437 students

  • Achilles Elementary

    Elementary · Grades PK–5 · Gloucester County Public Schools

    434 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$1,844
Loan principal$291,798
Down payment$72,950
Total interest paid$372,173

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$2,315
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
34th percentile[1]
Rental yield
[2]
Property tax
20th percentile[3]

Frequently asked

How much is a home worth in ZIP code 23072?
The typical home in 23072 is worth $364,748, based on the Zillow Home Value Index.
Are home values rising in 23072?
Home values in 23072 are up 3.6% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 23072?
The effective property tax rate in 23072 is 0.5% — roughly $1,994 a year on a typical home.
Who lives in 23072?
ZIP code 23072 has a population of 13,328 and a median household income of $74,559.

#Comparable ZIPs

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

  • VA

    Typical home
    $364,910
    Gross yield
  • VA

    Typical home
    $365,891
    Gross yield
  • Newport News, VA

    Typical home
    $367,164
    Gross yield
    5.6%
  • NC

    Typical home
    $356,973
    Gross yield
  • Virginia Beach, VA

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

    Typical home
    $354,091
    Gross yield

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