The story of this market
The typical home in ZIP 23454 sells for about $650,000, or $280 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,651 a month.
ZIP 23454 — Virginia Beach
The 23454 housing market remains resilient with steady price appreciation and low inventory levels. Demand is driven by the area's high quality of life and proximity to major employment hubs, though rising interest rates have tempered the pace of sales compared to previous years. Figures for active inventory and specific price-cut percentages are based on current market listings.
This ZIP is ideal for families seeking high-quality schools, military personnel stationed at nearby bases, and professionals who value proximity to both the beach and urban amenities. It offers a suburban lifestyle with a strong sense of community and access to outdoor recreation.
Median prices moved up 4.2% year over year.
Homes spend a median of 24 days on market with 3.2 months of supply — a fast-moving market.
18% 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 3.8% · poverty 7.5% — 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 6.0%/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 6.0%/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 23454, Virginia Beach City
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 23454 area are generally lower than the Virginia Beach city average, with property crime being the primary concern. The area is considered one of the safer residential sectors within the Hampton Roads region.
Schools serving 23454 are part of the Virginia Beach City Public Schools district, which maintains a strong reputation for academic performance and extracurricular offerings. Most schools in this ZIP are highly rated by state and national benchmarks.
The area faces moderate risk from coastal flooding and storm surge due to its proximity to the Atlantic Ocean and Chesapeake Bay. Property insurance premiums reflect these environmental factors, with flood insurance often required for properties in low-lying zones.
Economic momentum is driven by proximity to major military installations, the tourism industry, and the expanding healthcare sector in Virginia Beach. Infrastructure improvements focus on managing traffic flow and enhancing coastal resilience.
Property taxes are assessed by the City of Virginia Beach at a uniform rate applied to the fair market value of real estate. There are no special district taxes like MUDs or PIDs commonly found in other states, though specific service fees may apply.
Residents typically commute by car to major employment hubs like the Virginia Beach Town Center, Norfolk Naval Base, and downtown Norfolk. Traffic congestion is common during peak hours on major corridors like I-264 and Independence Boulevard.
The area features extensive access to parks, including First Landing State Park, and proximity to the Virginia Beach oceanfront. Shopping and dining are concentrated in local centers and the nearby Lynnhaven Mall area.
The rental market is characterized by high demand and low vacancy rates, driven by the transient military population and professionals. Rents have seen steady appreciation, with a mix of single-family home rentals and luxury apartment complexes.
The economy is anchored by the military, tourism, and a growing professional services sector. Major employers include the U.S. Navy, Sentara Healthcare, and the City of Virginia Beach.
Transportation relies heavily on personal vehicles, with major highway access via I-264 and I-64. Public transit is provided by HRT, though coverage is limited compared to larger urban cores.
Development is focused on infill projects and the revitalization of older commercial corridors. Zoning updates are prioritizing mixed-use density near major transit nodes.
The City of Virginia Beach Assessor's Office conducts annual assessments of all real property to ensure fair market value taxation.
Parcels are served by the Virginia Beach City Public Schools district and various municipal utility districts for water and sewer services.
Property insurance markets are stable but sensitive to coastal hazard risks, with premiums reflecting flood and wind exposure.
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Data retrieved from data.census.gov using ZCTA 23454 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 Beach4.55 mi
- Dave & Buster's4.13.4 mi
- Hunt Club Farm4.66.6 mi
- Sky Zone Trampoline Park4.211.2 mi
- Motor World4.14.6 mi
- Virginia Aquarium & Marine Science Center4.44.8 mi
- Virginia Zoo4.512.5 mi
- First Landing State Park4.73.3 mi
- Norfolk Botanical Garden4.88.6 mi
- Mount Trashmore Park4.74.8 mi
- Virginia Aquarium & Marine Science Center4.44.8 mi
- Chrysler Museum of Art4.813.4 mi
- Cape Henry Lighthouse4.44.8 mi
- Nauticus4.713.6 mi
- USS Wisconsin BB-644.813.6 mi
- First Landing State Park4.73.3 mi
- Norfolk Botanical Garden4.88.6 mi
- Mount Trashmore Park4.74.8 mi
- Virginia Beach Oceanfront Boardwalk4.74.1 mi
- Chesapeake City Park4.712.6 mi
- VIG Portsmouth3.417 mi
- Cavalier Golf & Yacht Club4.72.5 mi
- Hampton Yacht Club4.619.4 mi
- Tidewater Yacht Marina4.713.8 mi
- Bay Point Marina4.58.3 mi
- Topgolf Virginia Beach4.47 mi
- Virginia Beach National Golf Club4.57.5 mi
- Greenbrier Country Club4.511.4 mi
- Cavalier Golf & Yacht Club4.72.5 mi
- Heron Ridge Golf Club4.39.2 mi
- Lynnhaven Mall4.43.6 mi
- Norfolk Premium Outlets4.48.3 mi
- Greenbrier Mall4.111.4 mi
- Grand Mart4.46.8 mi
- Town Center of Virginia Beach4.54.8 mi
- Norfolk International Airport4.38.4 mi
- Naval Air Station Oceana4.33.9 mi
- Newport News/Williamsburg International Airport4.430.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large state park with trails, beach access, and camping.
Major regional shopping center with diverse retail and dining.
Popular area for boating, fishing, and water-based recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.