HousingHandbookReference data

U.S. ZIP Code · VA23487

Isle of Wight County · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$335,683[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.5%
5-year / yr
+3.7%
10-year / yr
+4.3%

Relative price

vs U.S.
+18.2%
vs metro
-4.7%
vs state
+2.2%
ZIP 23487 location in VA
Location of ZIP 23487 in VA

Price history

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

The typical home in 23487 is worth $335,683 — 4.7% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 3.5%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$2,707[3]

#Climate risk

FEMA National Risk Index ratings for Isle of Wight County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very 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 Low

#Who lives here

Population
6,477[3]
Median household income
$74,243[3]

#Migration

Household moves in and out of Isle of Wight County over a year, from IRS tax-return data.

Net migration
+133[5]
Moved in
1,410
Moved out
1,277

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Windsor Elementary

    Elementary · Grades PK–5 · Isle of Wight County Public Schools

    606 students

  • Windsor High

    High · Grades 9–12 · Isle of Wight County Public Schools

    526 students

  • Georgie D. Tyler Middle

    Middle · Grades 6–8 · Isle of Wight County Public Schools

    373 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.

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.

Monthly payment$1,697
Loan principal$268,546
Down payment$67,137
Total interest paid$342,516

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.

Own : rent ratio
Monthly cost to own$2,204
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
9th percentile[1]
Rental yield
[2]
Property tax
55th percentile[3]

Frequently asked

How much is a home worth in ZIP code 23487?
The typical home in 23487 is worth $335,683, based on the Zillow Home Value Index.
Are home values rising in 23487?
Home values in 23487 are up 3.5% over the past year, and up 3.7% a year over five years.
What is the property tax rate in 23487?
The effective property tax rate in 23487 is 0.8% — roughly $2,707 a year on a typical home.
Who lives in 23487?
ZIP code 23487 has a population of 6,477 and a median household income of $74,243.

#Comparable ZIPs

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

  • NC

    Typical home
    $335,502
    Gross yield
  • Mathews CDP, VA

    Typical home
    $334,118
    Gross yield
  • VA

    Typical home
    $333,608
    Gross yield
  • Grandy CDP, NC

    Typical home
    $338,802
    Gross yield
  • Norfolk, VA

    Typical home
    $331,519
    Gross yield
    6.4%
  • Coinjock CDP, NC

    Typical home
    $340,557
    Gross yield

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