Real Estate Investing in Virginia Beach, Virginia (23456)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23456 (Virginia Beach, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Virginia Beach, VA (23456)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23456 Virginia Beach
The 23456 ZIP in Virginia Beach, VA is a local-operator market. Outside capital chasing a $561K entry has to pair deep knowledge with the discount.
For an experienced owner, 23456 can be a an appealing option for hunting ground — but the discount at $561K reflects genuine risk that outside investors often underestimate.
Looking more closely, 23456 offers a low basis, the region around Virginia Beach has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 23456 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 23456 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 23456
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $305,852 | $2,400 | 5.6% | +6.7% | $152,926 |
| 3BR | $410,427 | $3,330 | 5.8% | +6.0% | $136,809 |
| 4BR | $565,931 | $3,920 | 5.0% | +6.9% | $141,483 |
| 5BR | $842,629 | — | — | +8.4% | $168,526 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23456 Compare?
| Metric | 23456 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $561,030 | $361,587 | $403,170 |
| 5-Year CAGR | 5.1% | 5.2% | 6.4% |
| Avg Rent | $2,657 | $2,072 | - |
| Cap Rate | 3.7% | 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 23456 (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 | $561,030 |
| Monthly Rent | $2,657 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 23456
Population: 60,744
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 23456
Schools in This ZIP Code
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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
What is the average monthly rent in Virginia Beach, VA?
Expect rents around $2,657/mo per month in Virginia Beach, VA. With home values at $561K, the yield math works out to reasonable levels for rental investors.
How much should I expect to pay for a home in Virginia Beach, VA?
Expect median prices around $561K in Virginia Beach, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What is the smart move for investors 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.
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.
Is Virginia Beach, VA a good place for real estate investing?
Yes - Virginia Beach, VA a 3.0/5 investability score. With $561K home prices against $2,657/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 23456 now. You don’t know where it ranks.
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How 23456 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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