The story of this market
The typical home in ZIP 23456 sells for about $567,000, or $255 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,057 a month.
ZIP 23456 — Virginia Beach
The 23456 housing market remains highly competitive, driven by low inventory and consistent demand for suburban family homes. Prices have seen steady year-over-year growth, supported by the area's strong school ratings and economic stability. While interest rates remain a factor, the market continues to favor sellers in most price segments.
This ZIP is ideal for families and professionals seeking suburban living with access to high-quality schools and outdoor recreation. It is less suited for those requiring high-density urban transit or immediate proximity to the oceanfront resort area.
Median prices moved up 6.5% year over year.
Homes spend a median of 22 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 3.9% — 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 6.3%/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 23456, 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 23456 area remain generally lower than the Virginia Beach city average, with property crime being the primary concern. The area is considered one of the safer suburban sectors within the Hampton Roads region.
Schools serving this ZIP are part of the Virginia Beach City Public Schools district, which is highly regarded for its academic performance and specialized magnet programs. Most schools in this zone maintain above-average ratings.
The area faces moderate risk from coastal flooding and storm surges, particularly in low-lying sections near Back Bay. Property insurance premiums are influenced by these environmental factors and mandatory flood insurance requirements for specific zones.
Economic momentum is driven by proximity to major military installations and the expanding tourism and logistics sectors in Virginia Beach. Development is characterized by steady residential infill and commercial expansion along major corridors.
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 additional MUD or PID special district taxes commonly found in other states, though specific service districts may apply.
Residents primarily rely on personal vehicles for commuting, with access to I-264 and I-64 providing routes to the Norfolk and Virginia Beach employment hubs. Public transit options are limited, resulting in longer average commute times.
The area features extensive access to outdoor amenities, including Red Wing Park, proximity to the Back Bay National Wildlife Refuge, and several local golf courses. Shopping and dining are concentrated along the Nimmo Parkway and Princess Anne Road corridors.
The rental market is characterized by high demand for single-family homes and townhouses, with low vacancy rates. Investor activity is present, though short-term rental regulations in Virginia Beach limit the proliferation of vacation rentals in residential zones.
The economy is anchored by the military, healthcare, and tourism sectors. Major employers include the Virginia Beach City Public Schools, Sentara Healthcare, and various regional logistics firms.
Transportation is dominated by highway infrastructure, with I-264 serving as the primary artery. Public transit is provided by HRT, though coverage is limited compared to the urban core.
Development is focused on the Princess Anne corridor, with approved plans for additional residential subdivisions and supporting commercial infrastructure.
The City of Virginia Beach Assessor's Office conducts annual assessments based on market value, with a focus on uniformity and equity across residential parcels.
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 zone designations and proximity to the Atlantic coast.
Virginia experiences consistent net domestic migration gains, driven by military relocations and retirees moving to coastal regions.
Virginia is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults through a trustee sale process.
Virginia is a 'caveat emptor' (buyer beware) state, though sellers are required to provide a residential property disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
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 Beach4.59.4 mi
- Dave & Buster's4.16.2 mi
- Hunt Club Farm4.62.6 mi
- Sky Zone Trampoline Park4.211.8 mi
- Motor World4.15.8 mi
- Virginia Aquarium & Marine Science Center4.46.4 mi
- First Landing State Park4.711.8 mi
- Mount Trashmore Park4.78.4 mi
- Apex Entertainment Virginia Beach4.59.4 mi
- Virginia Beach Oceanfront Boardwalk4.78.9 mi
- Virginia Aquarium & Marine Science Center4.46.4 mi
- Chrysler Museum of Art4.816.9 mi
- Cape Henry Lighthouse4.413.2 mi
- Nauticus4.716.7 mi
- USS Wisconsin BB-644.816.7 mi
- First Landing State Park4.711.8 mi
- Mount Trashmore Park4.78.4 mi
- Virginia Beach Oceanfront Boardwalk4.78.9 mi
- Oak Grove Park4.712.9 mi
- Chesapeake City Park4.711.2 mi
- Cavalier Golf & Yacht Club4.79.2 mi
- Tidewater Yacht Marina4.716.6 mi
- Bay Point Marina4.515.5 mi
- Morningstar Marinas4.415.8 mi
- Cobb's Marina4.615.6 mi
- Topgolf Virginia Beach4.410.9 mi
- Virginia Beach National Golf Club4.53.1 mi
- Greenbrier Country Club4.510.6 mi
- Cavalier Golf & Yacht Club4.79.2 mi
- Heron Ridge Golf Club4.30.2 mi
- Lynnhaven Mall4.46 mi
- Greenbrier Mall4.111.4 mi
- Grand Mart4.411.9 mi
- Town Center of Virginia Beach4.59.4 mi
- T.J. Maxx & HomeGoods4.47.6 mi
- Norfolk International Airport4.314.5 mi
- Naval Air Station Oceana4.35.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large municipal park with gardens and sports facilities.
Protected coastal habitat offering trails and wildlife viewing.
Public 18-hole course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.