The story of this market
The typical home in ZIP 23462 sells for about $330,000, 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 $1,713 a month.
ZIP 23462 — Virginia Beach
The 23462 housing market shows steady activity with a median price of $330,000 and a moderate pace of sales. While inventory remains tight, the area benefits from its central location and proximity to major employment hubs, though investors should remain mindful of operating costs.
This ZIP is well-suited for local commuters and families seeking proximity to the Town Center and major highway corridors, though investors should approach with caution regarding operating costs.
Median prices moved up 5.8% year over year.
Homes spend a median of 37 days on market with 3.5 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 99.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 14.7% — 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 4.9%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 23462, 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.
Schools in the area are part of the Virginia Beach City Public Schools district, which generally maintains a stable reputation within the region.
The area is subject to standard coastal Virginia flood and wind risks, with insurance premiums reflecting regional exposure to storm events.
The area benefits from proximity to the Virginia Beach Town Center, a major hub for retail, dining, and corporate office development.
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 MUD or PID districts typically found in this ZIP.
Residents have direct access to I-264, providing a primary artery for commuting to the Norfolk and Virginia Beach employment cores.
The area features proximity to Mount Trashmore Park, a major regional destination, along with various local shopping centers and dining districts.
The rental market is characterized by steady demand, though investors must manage tight operating margins due to the price-to-rent ratio.
The economy is anchored by the military, tourism, and the professional services sector centered around the Virginia Beach Town Center.
The area is served by a network of major highways including I-264 and local bus transit provided by Hampton Roads Transit.
Development is focused on densification near the Town Center and infrastructure improvements to manage traffic flow.
The City of Virginia Beach Assessor's Office conducts annual assessments based on market value.
Parcels are served by the Virginia Beach City Public Schools district and standard municipal utility services.
Property insurance costs are influenced by regional coastal hazard profiles and state-regulated market conditions.
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 Beach4.50.7 mi
- Dave & Buster's4.14.6 mi
- Hunt Club Farm4.68.4 mi
- Sky Zone Trampoline Park4.25.7 mi
- Hampton Virginia Aquaplex4.118.9 mi
- Virginia Aquarium & Marine Science Center4.49.3 mi
- Virginia Beach Convention Center4.59 mi
- Hampton Coliseum4.418.6 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.45.5 mi
- Topgolf Virginia Beach4.41.4 mi
- Virginia Aquarium & Marine Science Center4.49.3 mi
- Virginia Zoo4.57.5 mi
- First Landing State Park4.78.4 mi
- Norfolk Botanical Garden4.85.1 mi
- Mount Trashmore Park4.71.6 mi
- Virginia Aquarium & Marine Science Center4.49.3 mi
- Chrysler Museum of Art4.88 mi
- Nauticus4.78.1 mi
- Cape Henry Lighthouse4.49.8 mi
- USS Wisconsin BB-644.88.1 mi
- First Landing State Park4.78.4 mi
- Norfolk Botanical Garden4.85.1 mi
- Mount Trashmore Park4.71.6 mi
- Virginia Beach Oceanfront Boardwalk4.79.6 mi
- Oak Grove Park4.78.4 mi
- VIG Portsmouth3.411.8 mi
- Cavalier Golf & Yacht Club4.78.2 mi
- Hampton Yacht Club4.616.5 mi
- Tidewater Yacht Marina4.78.2 mi
- Salt Ponds Marina Resort4.316.6 mi
- Topgolf Virginia Beach4.41.4 mi
- Virginia Beach National Golf Club4.56.9 mi
- Greenbrier Country Club4.56.2 mi
- Sewells Point Golf Course4.39.5 mi
- Cavalier Golf & Yacht Club4.78.2 mi
- Lynnhaven Mall4.44.6 mi
- Norfolk Premium Outlets4.44 mi
- Greenbrier Mall4.16 mi
- Navy Exchange Main4.511.4 mi
- Grand Mart4.42.1 mi
- Norfolk International Airport4.34.6 mi
- Naval Air Station Oceana4.37.2 mi
- Newport News/Williamsburg International Airport4.428 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional park featuring hills, lakes, and playgrounds.
The primary urban core for retail and entertainment in the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.