Real Estate Investing in Virginia Beach, Virginia (23453)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23453 (Virginia Beach, VA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Virginia Beach, VA (23453)?
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Market Analysis: 23453 Virginia Beach
The 23453 ZIP in Virginia Beach, VA is a local-operator market. Outside capital chasing a $376K entry has to pair deep knowledge with the discount.
The 23453 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Virginia Beach have seen price recovery that 23453 has not matched. Virginia Beach City data supports the view that the spread is structural rather than temporary.
In practical terms, 34,545 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 23453 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 23453
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $180,115 | $1,760 | 7.0% | +9.8% | $180,115 |
| 2BR | $229,663 | $1,990 | 6.2% | +8.7% | $114,832 |
| 3BR | $333,310 | $2,760 | 6.0% | +6.8% | $111,103 |
| 4BR | $462,925 | $3,250 | 5.1% | +6.4% | $115,731 |
| 5BR | $670,521 | — | — | +6.9% | $134,104 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23453 Compare?
| Metric | 23453 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $376,454 | $361,587 | $403,170 |
| 5-Year CAGR | 5.0% | 5.2% | 6.4% |
| Avg Rent | $1,943 | $2,072 | - |
| Cap Rate | 4.0% | 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 23453 (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 | $376,454 |
| Monthly Rent | $1,943 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -4.0% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 23453
Population: 34,545
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 23453
Schools in This ZIP Code
About Repit School Scores
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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
Do landlords face vacancy issues in Virginia Beach, VA?
Rental vacancy in Virginia Beach, VA is elevated. Investors should budget normal turnover but not chronic empty units.
What investment strategy works best in Virginia Beach, VA?
Most investors in Virginia Beach, VA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What price range are homes in Virginia Beach, VA?
Median home price in Virginia Beach, VA is near $376K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Virginia Beach, VA?
House hacking in Virginia Beach, VA is a challenging. With home values around $376K and rents at $1,943/mo, owner-occupants can offset a meaningful share of PITI.
What is the typical renter like in Virginia Beach, VA?
Virginia Beach, VA offers a even-keeled renter base at the $1,943/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 23453 now. You don’t know where it ranks.
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How 23453 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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