Welcome to our 23462 real estate data hub, tailored for investors in Virginia Beach, 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 23462 in Virginia Beach, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in VIRGINIA BEACH CITY.
Leverage our comprehensive, zip code-specific data to excel in Virginia Beach, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Virginia Beach property market.
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Location Overview
- Zip Code: 23462
- City: Virginia Beach
- State: VA
- Metro Area: Virginia Beach-Norfolk-Newport News, VA-NC
- County Name: VIRGINIA BEACH CITY
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Real Estate Market Snapshot
- Average Home Price (All Types): $282,015
- Average Home Price (Single Family Homes): $285,445
- Average Monthly Rental Price (All Types): $1,675
- Price-to-Rent Ratio: 14
- Zillow Projected % appreciation from 4/2023-4/2024: -0.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,560
- Average 3 Bedroom Section 8 Rental Rates: $2,180
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 15.06
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.78
- Number of Units Offered in Section 8 in the County: 1319
- Number of Occupied Units in Section 8 in the County: 1287
- Percentage of Section 8 Units Occupied in the County: 97.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 245
- Total % Appreciation since 2000 (Government Data): 180.57
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.98%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.56%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 25.45%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.33%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 57.34%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.08%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 150.75%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.69%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.58%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 30.46%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 38.58%