How much is a home worth in ZIP code 23432?

The typical home in 23432 is worth $453,174, based on the Zillow Home Value Index.

Are home values rising in 23432?

Home values in 23432 are up 3.4% over the past year, and up 5.3% a year over five years.

What is the property tax rate in 23432?

The effective property tax rate in 23432 is 0.9% — roughly $4,066 a year on a typical home.

ZIP code 23432 has a population of 1,180 and a median household income of $94,306.

HousingHandbookReference data

…

U.S. ZIP Code · VA23432

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

Typical home value

$453,174^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.4%
5-year / yr: +5.3%
10-year / yr: +5.3%

Relative price

vs U.S.: +59.5%
vs metro: +28.6%
vs state: +38.0%

Price history

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

The typical home in 23432 is worth $453,174 — 28.6% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 3.4%. The effective property tax rate is 0.9%.

#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: 0.9%^[3]
Typical annual tax: $4,066^[3]

#Climate risk

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

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

#Who lives here

Population: 1,180^[3]
Median household income: $94,306^[3]

#Migration

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

Net migration: +657^[5]
Moved in: 4,444
Moved out: 3,787

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 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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,291

Loan principal$362,539

Down payment$90,635

Total interest paid$462,399

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 ratio—

Monthly cost to own$3,009

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: 36th percentile^[1]
Rental yield: —^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for fastest-growing in VAView list →

Frequently asked

How much is a home worth in ZIP code 23432?: The typical home in 23432 is worth $453,174, based on the Zillow Home Value Index.
Are home values rising in 23432?: Home values in 23432 are up 3.4% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 23432?: The effective property tax rate in 23432 is 0.9% — roughly $4,066 a year on a typical home.
Who lives in 23432?: ZIP code 23432 has a population of 1,180 and a median household income of $94,306.

#Comparable ZIPs

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

27929 vs 23432 →
NC
Typical home
$453,767
Gross yield
—
23692 vs 23432 →
VA
Typical home
$454,517
Gross yield
5.7%
23435
Suffolk, VA
Typical home
$451,350
Gross yield
5.6%
23168
VA
Typical home
$458,009
Gross yield
—
23455
Virginia Beach, VA
Typical home
$459,841
Gross yield
6.0%
23662
Poquoson, VA
Typical home
$461,131
Gross yield
—

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

Compare ZIPs

Pit ZIP 23432 against any other ZIP — full side-by-side table.

Compare 23432 →

#Jump to section

U.S. ZIP Code · VA23432

Get more data on ZIPs like this

Get more data on ZIPs like this