How much is a home worth in ZIP code 23434?

The typical home in 23434 is worth $341,057, based on the Zillow Home Value Index.

Are home values rising in 23434?

Home values in 23434 are up 1.9% over the past year, and up 5.3% a year over five years.

What is the typical rent in 23434?

A typical home in 23434 rents for about $1,737 a month, a gross rental yield of 6.1%.

What is the property tax rate in 23434?

The effective property tax rate in 23434 is 0.8% — roughly $2,855 a year on a typical home.

ZIP code 23434 has a population of 54,387 and a median household income of $79,877.

HousingHandbookReference data

…

U.S. ZIP Code · VA23434

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

Typical home value

$341,057^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.9%
5-year / yr: +5.3%
10-year / yr: +5.5%

Relative price

vs U.S.: +20.1%
vs metro: -3.2%
vs state: +3.9%

Price history

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

The typical home in 23434 is worth $341,057 — 3.2% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 1.9%. Homes here rent for a typical $1,737 a month — a 6.1% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,737^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,855^[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: 54,387^[3]
Median household income: $79,877^[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

Schools

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

Public schools: 15
Elementary: 7
Middle: 3
High: 2

King's Fork High
High · Grades 9–12 · Suffolk City Public Schools
1,666 students
Lakeland High
High · Grades 9–12 · Suffolk City Public Schools
1,067 students
King's Fork Middle
Middle · Grades 6–8 · Suffolk City Public Schools
984 students
Hillpoint Elementary
Elementary · Grades PK–5 · Suffolk City Public Schools
739 students
Mack Benn Jr. Elementary
Elementary · Grades PK–5 · Suffolk City Public Schools
704 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 yield6.1%

Net yield (after ~40% expenses)3.7%

Annual rent$20,840

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$1,725

Loan principal$272,845

Down payment$68,211

Total interest paid$347,999

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 ratio1.29

Monthly cost to own$2,248

Monthly rent$1,737

Renting is meaningfully cheaper month-to-month.

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: 38th percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 64th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for fastest-growing in VAView list →

Frequently asked

How much is a home worth in ZIP code 23434?: The typical home in 23434 is worth $341,057, based on the Zillow Home Value Index.
Are home values rising in 23434?: Home values in 23434 are up 1.9% over the past year, and up 5.3% a year over five years.
What is the typical rent in 23434?: A typical home in 23434 rents for about $1,737 a month, a gross rental yield of 6.1%.
What is the property tax rate in 23434?: The effective property tax rate in 23434 is 0.8% — roughly $2,855 a year on a typical home.
Who lives in 23434?: ZIP code 23434 has a population of 54,387 and a median household income of $79,877.

#Comparable ZIPs

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

23898 vs 23434 →
VA
Typical home
$341,454
Gross yield
—
27917 vs 23434 →
Coinjock CDP, NC
Typical home
$340,557
Gross yield
—
23518
Norfolk, VA
Typical home
$341,727
Gross yield
6.6%
23437
Suffolk, VA
Typical home
$342,972
Gross yield
—
27965
Grandy CDP, NC
Typical home
$338,802
Gross yield
—
23050
VA
Typical home
$344,929
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23434

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