The story of this market
The typical home in ZIP 23451 sells for about $550,000, or $334 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,779 a month.
ZIP 23451 — Virginia Beach
The 23451 housing market remains competitive, driven by its desirable coastal location and limited inventory. While median prices have seen steady year-over-year growth, the market is showing signs of stabilization as days on market increase slightly. Buyers are facing high price points, and the rental market remains tight due to seasonal tourism pressures.
This ZIP is ideal for affluent professionals, retirees, and investors seeking proximity to the beach, though it is less suited for families looking for large, affordable single-family homes due to high price points and limited inventory.
Median prices moved up 4.2% year over year.
Homes spend a median of 25 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 8.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23451, Virginia Beach city, VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 23451 area are generally lower than the Virginia Beach city average, with property crime being the primary concern in this coastal, high-traffic tourist zone.
Schools serving the 23451 ZIP code are part of the Virginia Beach City Public Schools district, which generally maintains a strong reputation for academic performance and extracurricular offerings.
The area is highly susceptible to coastal flooding, storm surges, and hurricane-force winds due to its proximity to the Atlantic Ocean and Chesapeake Bay, necessitating mandatory flood insurance for many properties.
Economic momentum is driven by the tourism industry, proximity to the Virginia Beach Oceanfront, and the nearby Joint Expeditionary Base Little Creek-Fort Story, which serves as a major regional employer.
Property taxes are assessed by the City of Virginia Beach at a uniform rate applied to the fair market value of real estate, with no additional special district taxes like MUDs or PIDs commonly found in other states.
Commutes are primarily car-dependent, with residents utilizing Atlantic Avenue and Pacific Avenue to access major corridors like I-264 for travel toward the Norfolk employment core.
The area features extensive access to the Virginia Beach Oceanfront, First Landing State Park, and numerous local parks, golf courses, and shopping districts along the resort strip.
The rental market is heavily influenced by seasonal demand and short-term vacation rentals, leading to high vacancy pressure during off-peak months and significant competition for long-term housing.
The economy is anchored by tourism, the military, and the service sector, with significant employment provided by the City of Virginia Beach and nearby federal installations.
Transportation is dominated by private vehicle use, with limited public transit options primarily consisting of bus routes serving the resort area.
Development is focused on high-density residential and commercial infill projects within the resort district and along the Atlantic corridor.
The City of Virginia Beach Department of Real Estate Assessor handles all property valuations, typically reassessing annually based on market sales data.
Parcels are subject to standard city and school district taxes; there are no special MUD or PID districts in this jurisdiction.
Property insurance premiums are elevated due to high exposure to coastal storm and flood risks, with many properties requiring separate flood insurance policies.
Data retrieved from data.census.gov ZCTA 23451 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Apex Entertainment Virginia Beach4.57.8 mi
- Dave & Buster's4.15.1 mi
- Hunt Club Farm4.66.4 mi
- Sky Zone Trampoline Park4.213.8 mi
- Motor World4.13.3 mi
- Virginia Aquarium & Marine Science Center4.43.1 mi
- First Landing State Park4.73.2 mi
- Mount Trashmore Park4.77.4 mi
- Norfolk Botanical Garden4.811.4 mi
- Apex Entertainment Virginia Beach4.57.8 mi
- Virginia Aquarium & Marine Science Center4.43.1 mi
- Chrysler Museum of Art4.816.3 mi
- Cape Henry Lighthouse4.44.3 mi
- Nauticus4.716.4 mi
- USS Wisconsin BB-644.816.4 mi
- First Landing State Park4.73.2 mi
- Mount Trashmore Park4.77.4 mi
- Norfolk Botanical Garden4.811.4 mi
- Virginia Beach Oceanfront Boardwalk4.71.3 mi
- Neptune's Park4.71.2 mi
- VIG Portsmouth3.419.9 mi
- Cavalier Golf & Yacht Club4.70.5 mi
- Tidewater Yacht Marina4.716.6 mi
- Bay Point Marina4.510.9 mi
- Morningstar Marinas4.411.4 mi
- Topgolf Virginia Beach4.49.8 mi
- Virginia Beach National Golf Club4.58.4 mi
- Cavalier Golf & Yacht Club4.70.5 mi
- Heron Ridge Golf Club4.39.2 mi
- Stumpy Lake Golf Course3.810.9 mi
- Lynnhaven Mall4.45.2 mi
- Norfolk Premium Outlets4.411.2 mi
- Grand Mart4.49.7 mi
- Town Center of Virginia Beach4.57.6 mi
- Harris Teeter4.41.1 mi
- Norfolk International Airport4.311.3 mi
- Naval Air Station Oceana4.33.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary tourist and recreational anchor of the city.
Large coastal park offering trails and camping.
A 3-mile long pedestrian walkway with shops and dining.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).