Real Estate Investing in Virginia Beach, Virginia (23464)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23464 (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 (23464)?
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Market Analysis: 23464 Virginia Beach
In practical terms, ZIP 23464 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $412K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $412K asset, 23464 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader VA picture, 23464 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 23464 includes headwinds that any investor should price in. Income distribution skews lower than Virginia Beach averages, and tenant stability requires active management.
Distressed ZIPs reward experience. healthy returns are possible in 23464, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Virginia Beach:
Property Strategy for 23464
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,193 | $1,990 | 5.9% | +8.8% | $121,597 |
| 3BR | $359,323 | $2,760 | 5.5% | +6.8% | $119,774 |
| 4BR | $445,196 | $3,250 | 5.3% | +6.1% | $111,299 |
| 5BR | $541,222 | — | — | +6.2% | $108,244 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23464 Compare?
| Metric | 23464 | Virginia Beach | Virginia |
|---|---|---|---|
| Home Value | $411,897 | $361,587 | $403,170 |
| 5-Year CAGR | 5.0% | 5.2% | 6.4% |
| Avg Rent | $2,014 | $2,072 | - |
| Cap Rate | 3.8% | 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 23464 (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 | $411,897 |
| Monthly Rent | $2,014 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 23464
Population: 75,290
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 23464
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 good place for real estate investing?
Virginia Beach, VA rates 3.0/5 for investability. With median values at $412K and rents near $2,014/mo, the market offers reasonable fundamentals for rental investors.
How much do tenants pay in Virginia Beach, VA?
Average rent in Virginia Beach, VA is approximately $2,014/mo per month. Against $412K home values that yields a reasonable rent-to-price ratio.
How much does a house cost in Virginia Beach, VA?
Virginia Beach, VA median home values land near $412K. That is reasonable territory for investors looking at $2,014/mo-per-month rentals.
Does Virginia Beach, VA favor landlords or tenants?
VA ranks as a landlord-friendly state for landlord-tenant law. Virginia Beach generally follows the statewide framework, so landlords face reasonable operating rules.
How tight is the rental market in Virginia Beach, VA?
Virginia Beach, VA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 23464 now. You don’t know where it ranks.
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How 23464 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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