Suffolk, VA 23435 - Real Estate Investment Insights & Performance Data

Welcome to our 23435 real estate data hub, tailored for investors in Suffolk, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 23435 in Suffolk, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SUFFOLK CITY.

Leverage our comprehensive, zip code-specific data to excel in Suffolk, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Suffolk property market.

• Location Overview

  • Zip Code: 23435
  • City: Suffolk
  • State: VA
  • Metro Area: Virginia Beach-Norfolk-Newport News, VA-NC
  • County Name: SUFFOLK CITY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $402,235
  • Average Home Price (Single Family Homes): $410,133
  • Average Monthly Rental Price (All Types): $2,035
  • Price-to-Rent Ratio: 16
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.3%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,670
  • Average 3 Bedroom Section 8 Rental Rates: $2,330
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.07
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.39
  • Number of Units Offered in Section 8 in the County: 548
  • Number of Occupied Units in Section 8 in the County: 520
  • Percentage of Section 8 Units Occupied in the County: 94.90000153%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 203.63
  • Total % Appreciation since 2000 (Government Data): 141.26
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.6%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.79%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.42%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.84%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 58.09%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.45%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -3.08%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.57%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%