The story of this market
The typical home in ZIP 23461 sells for about $439,100, or $224 per square foot.
Prices are up +5.8% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $2,300 a month.
ZIP 23461 — Virginia Beach
The housing market for ZIP 23461 reflects the broader Virginia Beach city trends, characterized by a median listing price of $439,100 and a 5.8% year-over-year increase. While specific ZIP-level inventory and sales counts are aggregated at the city level, the market remains seller-leaning with a 19% price-cut share. Data for specific ZIP-level tax history and school ratings is not currently published.
This area is ideal for military families, professionals working in the Hampton Roads region, and retirees seeking a balance of suburban comfort and coastal amenities.
Median prices moved up 5.8% year over year.
Homes spend a median of 37 days on market with 1.7 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 8.6% — 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 6.7%/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 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 23461, Virginia Beach city, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Virginia Beach generally maintains crime rates lower than the national average for cities of its size, with localized variations in safety across different neighborhoods.
The area is served by Virginia Beach City Public Schools, which is consistently recognized for high academic standards and a wide range of specialized magnet programs.
The region faces significant flood and hurricane risks due to its coastal geography, necessitating mandatory flood insurance for many properties in low-lying zones.
Economic momentum is driven by a strong military presence, tourism, and a growing technology and healthcare sector, supported by ongoing infrastructure investments.
Property taxes are assessed by the city of Virginia Beach based on fair market value, with rates set annually by the City Council to fund municipal services and schools.
Residents typically rely on personal vehicles for commuting, with major corridors like I-264 and I-64 providing access to the Norfolk and Chesapeake employment hubs.
The area offers extensive access to public parks, golf courses, and proximity to the Atlantic Ocean beaches, alongside numerous shopping centers and dining districts.
The rental market remains competitive with low vacancy rates, driven by high demand from military personnel and a steady influx of new residents.
The economy is anchored by the Department of Defense, tourism, and a robust healthcare sector, with significant employment provided by local military installations.
The city is served by an extensive network of highways and the Hampton Roads Transit bus system, though car ownership is essential for most residents.
Ongoing urban redevelopment projects focus on revitalizing older commercial corridors and increasing mixed-use density near major transit hubs.
The city operates a centralized assessment office that conducts annual reassessments of all real property to ensure tax equity.
Parcels are subject to city-wide school and municipal taxes, with some areas falling into specific flood control or utility service districts.
Property insurance premiums are rising due to increased climate-related risks, particularly for wind and flood coverage in coastal zones.
Data retrieved from Census Bureau ZCTA-level profiles and city-wide aggregates where ZCTA-specific data is unavailable.
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 Beach4.510 mi
- Dave & Buster's4.16.1 mi
- Hunt Club Farm4.63.3 mi
- Sky Zone Trampoline Park4.214.5 mi
- Motor World4.12.5 mi
- Virginia Aquarium & Marine Science Center4.42.4 mi
- First Landing State Park4.78.7 mi
- Mount Trashmore Park4.79.2 mi
- Apex Entertainment Virginia Beach4.510 mi
- Virginia Beach Oceanfront Boardwalk4.74.8 mi
- Virginia Aquarium & Marine Science Center4.42.4 mi
- Chrysler Museum of Art4.818.6 mi
- Cape Henry Lighthouse4.49.7 mi
- Nauticus4.718.6 mi
- Military Aviation Museum4.88.3 mi
- First Landing State Park4.78.7 mi
- Mount Trashmore Park4.79.2 mi
- Virginia Beach Oceanfront Boardwalk4.74.8 mi
- Neptune's Park4.74.9 mi
- Princess Anne Athletic Complex4.67.5 mi
- Cavalier Golf & Yacht Club4.75.9 mi
- Tidewater Yacht Marina4.718.7 mi
- Bay Point Marina4.515.1 mi
- Morningstar Marinas4.415.5 mi
- Cobb's Marina4.615.3 mi
- Topgolf Virginia Beach4.412 mi
- Virginia Beach National Golf Club4.56.4 mi
- Cavalier Golf & Yacht Club4.75.9 mi
- Heron Ridge Golf Club4.35.2 mi
- Stumpy Lake Golf Course3.810.7 mi
- Lynnhaven Mall4.46.1 mi
- Grand Mart4.412.5 mi
- Town Center of Virginia Beach4.59.9 mi
- Harris Teeter4.44.7 mi
- T.J. Maxx & HomeGoods4.46 mi
- Norfolk International Airport4.314.7 mi
- Naval Air Station Oceana4.33.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A unique city park built on a former landfill, featuring hills, lakes, and playgrounds.
A major regional shopping destination with extensive retail and dining options.
A premier venue for regional and national athletic events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.