Real Estate Investing in Virginia Beach, Virginia (23457)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23457 (Virginia Beach, VA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 33.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Virginia Beach, VA (23457)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23457 Virginia Beach
The 23457 ZIP in Virginia Beach, VA is a local-operator market. Outside capital chasing a $679K entry has to pair deep knowledge with the discount.
The investment case in 23457 is significant only for operators who understand what they are buying. A $679K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader VA picture, 23457 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 23457 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 23457 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 23457
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $367,707 | $1,900 | 3.7% | +6.2% | $183,854 |
| 3BR | $542,583 | $2,640 | 3.5% | +6.8% | $180,861 |
| 4BR | $762,393 | $3,150 | 3.0% | +7.9% | $190,598 |
| 5BR | $947,154 | — | — | +8.1% | $189,431 |
Market Trends
Home Value History (with trend line)
📊 How Does 23457 Compare?
| Metric | 23457 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $678,516 | $361,587 | $403,170 |
| 5-Year CAGR | 6.0% | 5.2% | 6.4% |
| Avg Rent | $1,710 | $2,072 | - |
| Cap Rate | 2.0% | 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 23457 (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 | $678,516 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 33.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 23457
Population: 4,927
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 23457
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 housing expensive in Virginia Beach, VA?
Virginia Beach, VA median home values land near $679K. That is reasonable territory for investors looking at $1,710/mo-per-month rentals.
Do rentals sit vacant long in Virginia Beach, VA?
Rental vacancy in Virginia Beach, VA is elevated. Investors should budget normal turnover but not chronic empty units.
Is rental property easy to operate in Virginia Beach, VA?
The landlord environment in Virginia Beach, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What monthly rent should investors expect in Virginia Beach, VA?
Average rent in Virginia Beach, VA is approximately $1,710/mo per month. Against $679K home values that yields a reasonable rent-to-price ratio.
Is Virginia Beach, VA good for house hacking?
The house hack math a challenging in Virginia Beach, VA. Owner-occupant buyers benefit from the $1,710/mo rents and $679K home values.
You know 23457 now. You don’t know where it ranks.
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How 23457 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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