How much is a home worth in ZIP code 23462?

The typical home in 23462 is worth $325,909, based on the Zillow Home Value Index.

Are home values rising in 23462?

Home values in 23462 are up 3.6% over the past year, and up 5.7% a year over five years.

What is the typical rent in 23462?

A typical home in 23462 rents for about $1,914 a month, a gross rental yield of 7.0%.

What is the property tax rate in 23462?

The effective property tax rate in 23462 is 0.8% — roughly $2,519 a year on a typical home.

ZIP code 23462 has a population of 66,151 and a median household income of $69,040.

HousingHandbookReference data

…

U.S. ZIP Code · VA23462

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

Typical home value

$325,909^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.6%
5-year / yr: +5.7%
10-year / yr: +5.5%

Relative price

vs U.S.: +14.7%
vs metro: -7.5%
vs state: ≈ state median

Price history

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

The typical home in 23462 is worth $325,909 — 7.5% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 3.6%. Homes here rent for a typical $1,914 a month — a 7.0% 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: $1,914^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,519^[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: 66,151^[3]
Median household income: $69,040^[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: 14
Elementary: 8
Middle: 3
High: 1

Princess Anne High
High · Grades 9–12 · Virginia Beach City Public Schools
1,715 students
Larkspur Middle
Middle · Grades 6–8 · Virginia Beach City Public Schools
1,483 students
Point O' View Elementary
Elementary · Grades PK–5 · Virginia Beach City Public Schools
733 students
Bayside Middle
Middle · Grades 6–8 · Virginia Beach City Public Schools
702 students
White Oaks Elementary
Elementary · Grades PK–5 · Virginia Beach City Public Schools
645 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 yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$22,968

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$1,648

Loan principal$260,728

Down payment$65,182

Total interest paid$332,544

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 ratio1.11

Monthly cost to own$2,129

Monthly rent$1,914

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: 59th percentile^[1]
Rental yield: 71st percentile^[2]
Property tax: 49th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for most populous in VAView list →

Frequently asked

How much is a home worth in ZIP code 23462?: The typical home in 23462 is worth $325,909, based on the Zillow Home Value Index.
Are home values rising in 23462?: Home values in 23462 are up 3.6% over the past year, and up 5.7% a year over five years.
What is the typical rent in 23462?: A typical home in 23462 rents for about $1,914 a month, a gross rental yield of 7.0%.
What is the property tax rate in 23462?: The effective property tax rate in 23462 is 0.8% — roughly $2,519 a year on a typical home.
Who lives in 23462?: ZIP code 23462 has a population of 66,151 and a median household income of $69,040.

#Comparable ZIPs

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

23325 vs 23462 →
Chesapeake, VA
Typical home
$324,284
Gross yield
7.2%
23505 vs 23462 →
Norfolk, VA
Typical home
$327,689
Gross yield
6.3%
23517
Norfolk, VA
Typical home
$328,548
Gross yield
6.2%
23703
Portsmouth, VA
Typical home
$320,509
Gross yield
6.6%
23510
Norfolk, VA
Typical home
$331,519
Gross yield
6.4%
23138
VA
Typical home
$333,608
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23462

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