HousingHandbookReference data

U.S. ZIP Code · VA23898

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

Typical home value

$341,454[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.7%
5-year / yr
+5.3%
10-year / yr
+5.6%

Relative price

vs U.S.
+20.2%
vs metro
-3.1%
vs state
+4.0%
ZIP 23898 location in VA
Location of ZIP 23898 in VA

Price history

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

The typical home in 23898 is worth $341,454 — 3.1% below the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 3.7%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$3,159[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
2,246[3]
Median household income
$80,282[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

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$1,727
Loan principal$273,163
Down payment$68,291
Total interest paid$348,405

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$2,276
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
32nd percentile[1]
Rental yield
[2]
Property tax
85th percentile[3]

Frequently asked

How much is a home worth in ZIP code 23898?
The typical home in 23898 is worth $341,454, based on the Zillow Home Value Index.
Are home values rising in 23898?
Home values in 23898 are up 3.7% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 23898?
The effective property tax rate in 23898 is 0.9% — roughly $3,159 a year on a typical home.
Who lives in 23898?
ZIP code 23898 has a population of 2,246 and a median household income of $80,282.

#Comparable ZIPs

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

  • Norfolk, VA

    Typical home
    $341,727
    Gross yield
    6.6%
  • Suffolk, VA

    Typical home
    $341,057
    Gross yield
    6.1%
  • Coinjock CDP, NC

    Typical home
    $340,557
    Gross yield
  • Suffolk, VA

    Typical home
    $342,972
    Gross yield
  • Grandy CDP, NC

    Typical home
    $338,802
    Gross yield
  • VA

    Typical home
    $344,929
    Gross yield

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