How much is a home worth in ZIP code 23435?

The typical home in 23435 is worth $451,350, based on the Zillow Home Value Index.

Are home values rising in 23435?

Home values in 23435 are up 2.1% over the past year, and up 5.5% a year over five years.

What is the typical rent in 23435?

A typical home in 23435 rents for about $2,092 a month, a gross rental yield of 5.6%.

What is the property tax rate in 23435?

The effective property tax rate in 23435 is 0.9% — roughly $4,045 a year on a typical home.

ZIP code 23435 has a population of 33,721 and a median household income of $111,700.

HousingHandbookReference data

…

U.S. ZIP Code · VA23435

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

Typical home value

$451,350^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +5.5%
10-year / yr: +5.1%

Relative price

vs U.S.: +58.9%
vs metro: +28.1%
vs state: +37.5%

Price history

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

The typical home in 23435 is worth $451,350 — 28.1% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 2.1%. Homes here rent for a typical $2,092 a month — a 5.6% gross rental yield. 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: $2,092^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $4,045^[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: 33,721^[3]
Median household income: $111,700^[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: 6
Elementary: 3
Middle: 2
High: 1

Nansemond River High
High · Grades 9–12 · Suffolk City Public Schools
1,681 students
Florence Bowser Elementary
Elementary · Grades PK–5 · Suffolk City Public Schools
874 students
Northern Shores Elementary
Elementary · Grades PK–5 · Suffolk City Public Schools
837 students
Creekside Elementary
Elementary · Grades PK–5 · Suffolk City Public Schools
747 students
Colonel Fred Cherry Middle
Middle · Grades 6–8 · Suffolk City Public Schools
728 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 yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$25,102

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$2,282

Loan principal$361,080

Down payment$90,270

Total interest paid$460,538

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 ratio1.43

Monthly cost to own$2,997

Monthly rent$2,092

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: 48th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 74th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for fastest-growing in VAView list →

Frequently asked

How much is a home worth in ZIP code 23435?: The typical home in 23435 is worth $451,350, based on the Zillow Home Value Index.
Are home values rising in 23435?: Home values in 23435 are up 2.1% over the past year, and up 5.5% a year over five years.
What is the typical rent in 23435?: A typical home in 23435 rents for about $2,092 a month, a gross rental yield of 5.6%.
What is the property tax rate in 23435?: The effective property tax rate in 23435 is 0.9% — roughly $4,045 a year on a typical home.
Who lives in 23435?: ZIP code 23435 has a population of 33,721 and a median household income of $111,700.

#Comparable ZIPs

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

23432 vs 23435 →
Suffolk, VA
Typical home
$453,174
Gross yield
—
27929 vs 23435 →
NC
Typical home
$453,767
Gross yield
—
23692
VA
Typical home
$454,517
Gross yield
5.7%
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
—

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#Jump to section

U.S. ZIP Code · VA23435

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