Real Estate Investing in Virginia Beach, Virginia (23462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23462 (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.
No major risk flags on the data we track.
What’s happening in Virginia Beach, VA (23462)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 23462 Virginia Beach
ZIP 23462 in Virginia Beach, VA carries a significant set of headwinds. Home values near $329K and rents of $2,038/mo sit inside a market where underwriting has to be tight.
The 23462 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader VA picture, 23462 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 23462 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Virginia Beach's stable or hybrid ZIPs before stepping into 23462. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Virginia Beach:
Property Strategy for 23462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $190,615 | $1,810 | 6.8% | +7.5% | $190,615 |
| 2BR | $243,093 | $2,050 | 6.1% | +8.3% | $121,546 |
| 3BR | $313,184 | $2,840 | 6.5% | +6.8% | $104,395 |
| 4BR | $389,775 | $3,350 | 6.2% | +6.0% | $97,444 |
| 5BR | $495,825 | — | — | +6.3% | $99,165 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23462 Compare?
| Metric | 23462 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $328,827 | $361,587 | $403,170 |
| 5-Year CAGR | 5.5% | 5.2% | 6.4% |
| Avg Rent | $2,038 | $2,072 | - |
| Cap Rate | 4.8% | 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 23462 (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 | $328,827 |
| Monthly Rent | $2,038 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 23462
Population: 67,066
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 23462
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 a smart market for rental property?
Virginia Beach, VA comes in at an investability rating of 3.0/5, with median home values near $329K and average rents around $2,038/mo. That combination puts it in the solid tier for investor interest.
Is Virginia Beach, VA better for rentals, flips, or BRRRR?
The best-fit strategy in Virginia Beach, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are landlord laws favorable in Virginia Beach, VA?
For rental operators, Virginia Beach, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the tenant pool like in Virginia Beach, VA?
Virginia Beach, VA draws a measured base of working renters. Demand at the $2,038/mo rent level is reasonable for standard single-family and small multi rentals.
Do landlords face vacancy issues in Virginia Beach, VA?
Virginia Beach, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 23462 now. You don’t know where it ranks.
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How 23462 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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