Real Estate Investing in Virginia Beach, Virginia (23451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23451 (Virginia Beach, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.4 — hard to cash-flow at these prices.
What’s happening in Virginia Beach, VA (23451)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23451 Virginia Beach
The 23451 ZIP covers a section of Virginia Beach that demands careful diligence. Prices near $665K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 23451 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 23451's metrics run below Virginia Beach City's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 23451 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 23451 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Virginia Beach:
Property Strategy for 23451
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $283,166 | $1,830 | 4.7% | +6.5% | $283,166 |
| 2BR | $366,505 | $2,070 | 4.1% | +7.5% | $183,253 |
| 3BR | $666,652 | $2,870 | 3.1% | +6.6% | $222,217 |
| 4BR | $1,070,191 | $3,380 | 2.3% | +8.2% | $267,548 |
| 5BR | $1,606,997 | — | — | +9.4% | $321,399 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23451 Compare?
| Metric | 23451 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $664,546 | $361,587 | $403,170 |
| 5-Year CAGR | 5.5% | 5.2% | 6.4% |
| Avg Rent | $2,100 | $2,072 | - |
| Cap Rate | 2.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23451 (Virginia Beach, VA). Anonymous, moderated, never written by AI.
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Property managers serving Virginia Beach City County
Manage rentals here? List your business →Arcadia Property Services. summary from their website
Real Property Management Infinity provides property management services in Virginia Beach, VA. summary from their website
Real Property Management Tidewater is a property management company in Virginia Beach, VA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $664,546 |
| Monthly Rent | $2,100 |
| Price-to-Rent | 26.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23451
Population: 44,641
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23451
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Corporate Landing Elementary
Lynnhaven Middle
Alanton Elementary
Linkhorn Park Elementary
Trantwood Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong are rents in Virginia Beach, VA?
Rental rates in Virginia Beach, VA average $2,100/mo. Tenant demand and $665K home values make the yield look reasonable by investor standards.
Do rentals sit vacant long in Virginia Beach, VA?
Virginia Beach, VA carries elevated vacancy risk. Expect measured absorption at market rents of $2,100/mo.
What is the smart move for investors in Virginia Beach, VA?
For Virginia Beach, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Virginia Beach, VA a good market for FHA house hackers?
House hacking in Virginia Beach, VA is reasonable to execute. Prices around $665K and rents of $2,100/mo solid owner-occupant economics.
How much should I expect to pay for a home in Virginia Beach, VA?
In Virginia Beach, VA the median home value sits at $665K. Against the broader VA market, that reads as reasonable for most investors.
You know 23451 now. You don’t know where it ranks.
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How 23451 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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