Real Estate Investing in Virginia Beach, Virginia (23454)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23454 (Virginia Beach, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Virginia Beach, VA (23454)?
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Market Analysis: 23454 Virginia Beach
Investors eyeing 23454 need to respect the fundamentals at play. Home values of $463K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 23454 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within VA, ZIP 23454 trails on several market indicators that neighboring Virginia Beach City submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 23454 ZIP's population of 57,773 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 23454 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 23454
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $166,914 | $1,740 | 7.5% | +10.0% | $166,914 |
| 2BR | $258,403 | $1,970 | 5.5% | +8.4% | $129,201 |
| 3BR | $402,278 | $2,730 | 4.9% | +6.6% | $134,093 |
| 4BR | $578,165 | $3,220 | 4.0% | +6.5% | $144,541 |
| 5BR | $1,011,565 | — | — | +7.9% | $202,313 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23454 Compare?
| Metric | 23454 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $463,356 | $361,587 | $403,170 |
| 5-Year CAGR | 5.2% | 5.2% | 6.4% |
| Avg Rent | $2,108 | $2,072 | - |
| Cap Rate | 3.6% | 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 23454 (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 | $463,356 |
| Monthly Rent | $2,108 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 23454
Population: 57,773
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 23454
Schools in This ZIP Code
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
Is Virginia Beach, VA landlord-friendly?
Rental owners in Virginia Beach, VA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I house hack in Virginia Beach, VA?
For house hackers, Virginia Beach, VA is a challenging. The $2,108/mo rent on a unit helps defray the mortgage on a $463K property.
Are homes affordable in Virginia Beach, VA?
In Virginia Beach, VA the median home value sits at $463K. Against the broader VA market, that reads as reasonable for most investors.
What are rental rates like in Virginia Beach, VA?
Expect rents around $2,108/mo per month in Virginia Beach, VA. With home values at $463K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Virginia Beach, VA?
Working renters make up the core of the Virginia Beach, VA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 23454 now. You don’t know where it ranks.
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How 23454 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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