How much is a home worth in ZIP code 23451?

The typical home in 23451 is worth $656,334, based on the Zillow Home Value Index.

Are home values rising in 23451?

Home values in 23451 are up 4.1% over the past year, and up 5.8% a year over five years.

What is the typical rent in 23451?

A typical home in 23451 rents for about $1,989 a month, a gross rental yield of 3.6%.

What is the property tax rate in 23451?

The effective property tax rate in 23451 is 0.7% — roughly $4,912 a year on a typical home.

ZIP code 23451 has a population of 44,012 and a median household income of $100,697.

HousingHandbookReference data

…

U.S. ZIP Code · VA23451

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

Typical home value

$656,334^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +5.8%
10-year / yr: +4.8%

Relative price

vs U.S.: +131.0%
vs metro: +86.3%
vs state: +99.9%

Price history

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

The typical home in 23451 is worth $656,334 — 86.3% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,989 a month — a 3.6% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,989^[2]
Gross yield: 3.6%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $4,912^[3]

#Climate risk

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

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

#Who lives here

Population: 44,012^[3]
Median household income: $100,697^[3]

#Migration

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

Net migration: -873^[5]
Moved in: 16,768
Moved out: 17,641

Schools

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

Public schools: 4
Elementary: 3
Middle: 1
High: 0

Virginia Beach Middle
Middle · Grades 6–8 · Virginia Beach City Public Schools
635 students
Birdneck Elementary
Elementary · Grades PK–5 · Virginia Beach City Public Schools
627 students
W.T. Cooke Elementary
Elementary · Grades PK–5 · Virginia Beach City Public Schools
559 students
Seatack Elementary an Achievable Dream Academy
Elementary · Grades PK–5 · Virginia Beach City Public Schools
404 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 yield3.6%

Net yield (after ~40% expenses)2.2%

Annual rent$23,865

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$3,319

Loan principal$525,068

Down payment$131,267

Total interest paid$669,695

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 ratio2.15

Monthly cost to own$4,276

Monthly rent$1,989

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: 63rd percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 45th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23451?: The typical home in 23451 is worth $656,334, based on the Zillow Home Value Index.
Are home values rising in 23451?: Home values in 23451 are up 4.1% over the past year, and up 5.8% a year over five years.
What is the typical rent in 23451?: A typical home in 23451 rents for about $1,989 a month, a gross rental yield of 3.6%.
What is the property tax rate in 23451?: The effective property tax rate in 23451 is 0.7% — roughly $4,912 a year on a typical home.
Who lives in 23451?: ZIP code 23451 has a population of 44,012 and a median household income of $100,697.

#Comparable ZIPs

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

23457 vs 23451 →
Virginia Beach, VA
Typical home
$666,935
Gross yield
—
23433 vs 23451 →
Suffolk, VA
Typical home
$558,937
Gross yield
—
23456
Virginia Beach, VA
Typical home
$555,591
Gross yield
5.9%
23322
Chesapeake, VA
Typical home
$551,150
Gross yield
5.2%
23693
VA
Typical home
$532,587
Gross yield
4.5%
23436
Suffolk, VA
Typical home
$514,506
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23451

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