How much is a home worth in ZIP code 23883?

The typical home in 23883 is worth $304,247, based on the Zillow Home Value Index.

Are home values rising in 23883?

Home values in 23883 are down 0.3% over the past year, and up 3.6% a year over five years.

What is the property tax rate in 23883?

The effective property tax rate in 23883 is 0.6% — roughly $1,967 a year on a typical home.

ZIP code 23883 has a population of 1,870 and a median household income of $76,719.

HousingHandbookReference data

…

U.S. ZIP Code · VA23883

Surry County · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$304,247^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +3.6%
10-year / yr: +4.7%

Relative price

vs U.S.: +7.1%
vs metro: -13.6%
vs state: -7.3%

Price history

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

The typical home in 23883 is worth $304,247 — 13.6% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have fallen 0.3%. The effective property tax rate is 0.6%.

#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: 0.6%^[3]
Typical annual tax: $1,967^[3]

#Climate risk

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

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

#Who lives here

Population: 1,870^[3]
Median household income: $76,719^[3]

#Migration

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

Net migration: +10^[5]
Moved in: 197
Moved out: 187

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 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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,538

Loan principal$243,398

Down payment$60,849

Total interest paid$310,440

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 ratio—

Monthly cost to own$1,957

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: 3rd percentile^[1]
Rental yield: —^[2]
Property tax: 32nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23883?: The typical home in 23883 is worth $304,247, based on the Zillow Home Value Index.
Are home values rising in 23883?: Home values in 23883 are down 0.3% over the past year, and up 3.6% a year over five years.
What is the property tax rate in 23883?: The effective property tax rate in 23883 is 0.6% — roughly $1,967 a year on a typical home.
Who lives in 23883?: ZIP code 23883 has a population of 1,870 and a median household income of $76,719.

#Comparable ZIPs

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

23664 vs 23883 →
Hampton, VA
Typical home
$305,316
Gross yield
8.2%
23608 vs 23883 →
Newport News, VA
Typical home
$306,335
Gross yield
6.2%
23502
Norfolk, VA
Typical home
$309,820
Gross yield
7.0%
23315
Carrsville CDP, VA
Typical home
$310,548
Gross yield
—
23601
Newport News, VA
Typical home
$295,634
Gross yield
5.9%
23602
Newport News, VA
Typical home
$314,160
Gross yield
6.1%

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#Jump to section

U.S. ZIP Code · VA23883

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