HousingHandbookReference data

U.S. ZIP Code · VA23109

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

Typical home value

$334,118[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.6%
5-year / yr
+3.6%
10-year / yr
+3.6%

Relative price

vs U.S.
+17.6%
vs metro
-5.2%
vs state
+1.8%
ZIP 23109 location in VA
Location of ZIP 23109 in VA

Price history

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

The typical home in 23109 is worth $334,118 — 5.2% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 0.6%. 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
$1,831[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
2,327[3]
Median household income
$79,196[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

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Mathews Elementary

    Elementary · Grades PK–4 · Mathews County Public Schools

    298 students

  • Mathews High

    High · Grades 9–12 · Mathews County Public Schools

    297 students

  • Thomas Hunter Middle

    Middle · Grades 5–8 · Mathews County Public Schools

    245 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$1,689
Loan principal$267,295
Down payment$66,824
Total interest paid$340,920

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$2,121
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
4th percentile[1]
Rental yield
[2]
Property tax
21st percentile[3]

Frequently asked

How much is a home worth in ZIP code 23109?
The typical home in 23109 is worth $334,118, based on the Zillow Home Value Index.
Are home values rising in 23109?
Home values in 23109 are up 0.6% over the past year, and up 3.6% a year over five years.
What is the property tax rate in 23109?
The effective property tax rate in 23109 is 0.5% — roughly $1,831 a year on a typical home.
Who lives in 23109?
ZIP code 23109 has a population of 2,327 and a median household income of $79,196.

#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
    $333,608
    Gross yield
  • NC

    Typical home
    $335,502
    Gross yield
  • Windsor, VA

    Typical home
    $335,683
    Gross yield
  • Norfolk, VA

    Typical home
    $331,519
    Gross yield
    6.4%
  • Grandy CDP, NC

    Typical home
    $338,802
    Gross yield
  • Norfolk, VA

    Typical home
    $328,548
    Gross yield
    6.2%

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