How much is a home worth in ZIP code 23324?

The typical home in 23324 is worth $284,759, based on the Zillow Home Value Index.

Are home values rising in 23324?

Home values in 23324 are up 2.4% over the past year, and up 6.3% a year over five years.

What is the typical rent in 23324?

A typical home in 23324 rents for about $1,739 a month, a gross rental yield of 7.3%.

What is the property tax rate in 23324?

The effective property tax rate in 23324 is 0.5% — roughly $1,499 a year on a typical home.

ZIP code 23324 has a population of 24,670 and a median household income of $57,045.

HousingHandbookReference data

…

U.S. ZIP Code · VA23324

Chesapeake city · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$284,759^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +6.3%
10-year / yr: +6.0%

Relative price

vs U.S.: ≈ U.S. median
vs metro: -19.2%
vs state: -13.3%

Price history

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

The typical home in 23324 is worth $284,759 — 19.2% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,739 a month — a 7.3% gross rental yield. 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: $1,739^[2]
Gross yield: 7.3%^[2]
Cap rate: 4.4%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,499^[3]

#Climate risk

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

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

#Who lives here

Population: 24,670^[3]
Median household income: $57,045^[3]

#Migration

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

Net migration: -143^[5]
Moved in: 9,905
Moved out: 10,048

Schools

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

Public schools: 6
Elementary: 5
Middle: 1
High: 0

Oscar Smith Middle
Middle · Grades 6–8 · Chesapeake City Public Schools
970 students
Portlock Primary
Elementary · Grades PK–2 · Chesapeake City Public Schools
547 students
George W. Carver Intermediate
Elementary · Grades 3–5 · Chesapeake City Public Schools
523 students
Thurgood Marshall Elementary
Elementary · Grades PK–5 · Chesapeake City Public Schools
407 students
Rena B. Wright Primary
Elementary · Grades PK–2 · Chesapeake City Public Schools
270 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.

Home value$Monthly rent$

Gross yield7.3%

Net yield (after ~40% expenses)4.4%

Annual rent$20,865

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,440

Loan principal$227,807

Down payment$56,952

Total interest paid$290,556

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.04

Monthly cost to own$1,803

Monthly rent$1,739

Owning and renting are roughly even.

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: 82nd percentile^[1]
Rental yield: 77th percentile^[2]
Property tax: 18th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23324?: The typical home in 23324 is worth $284,759, based on the Zillow Home Value Index.
Are home values rising in 23324?: Home values in 23324 are up 2.4% over the past year, and up 6.3% a year over five years.
What is the typical rent in 23324?: A typical home in 23324 rents for about $1,739 a month, a gross rental yield of 7.3%.
What is the property tax rate in 23324?: The effective property tax rate in 23324 is 0.5% — roughly $1,499 a year on a typical home.
Who lives in 23324?: ZIP code 23324 has a population of 24,670 and a median household income of $57,045.

#Comparable ZIPs

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

27926 vs 23324 →
NC
Typical home
$285,287
Gross yield
—
23669 vs 23324 →
Hampton, VA
Typical home
$285,594
Gross yield
7.2%
23509
Norfolk, VA
Typical home
$283,742
Gross yield
8.0%
23666
Hampton, VA
Typical home
$293,407
Gross yield
6.6%
23846
Surry, VA
Typical home
$275,775
Gross yield
—
23881
Claremont, VA
Typical home
$294,061
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23324

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