The story of this market
The typical home in ZIP 23464 sells for about $339,300, or $185 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 $1,702 a month.
ZIP 23464 — Virginia Beach
The 23464 housing market remains stable with moderate price appreciation and consistent demand. While inventory is limited, the area's strong employment base and family-oriented appeal continue to drive activity. Figures for specific metrics like months of supply and price-cut percentages are based on current market snapshots.
This ZIP code is ideal for family buyers and military personnel seeking stable, established neighborhoods with good access to regional employment hubs. It offers a suburban lifestyle with a balance of affordability and proximity to major city amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 24 days on market with 2.8 months of supply — a fast-moving market.
15% 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 4.4% · poverty 7.3% — 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 5.2%/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 4.8%/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 23464, 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 23464 area are generally considered moderate, with property crime being the primary concern compared to violent crime. The area tracks closely with broader Virginia Beach municipal trends, which remain lower than many comparable urban centers in the region.
Schools serving the 23464 ZIP code are part of the Virginia Beach City Public Schools system, which is generally well-regarded for its academic performance and extracurricular offerings. Most schools in this district maintain stable ratings and strong community engagement.
The area faces moderate risk from coastal flooding and storm surges due to its proximity to the Atlantic coast and Chesapeake Bay. Property insurance premiums reflect these regional climate risks, with flood insurance often recommended or required for specific low-lying parcels.
Economic momentum is driven by the proximity to major military installations and the broader Hampton Roads defense and logistics sector. Development is largely infill-focused, with steady demand for residential housing supporting local retail and service-sector growth.
Property taxes are assessed by the City of Virginia Beach based on the fair market value of real estate. The city maintains a uniform tax rate applied to all residential properties, with no additional special district taxes commonly attached to residential parcels in this ZIP.
Residents typically commute via the I-64 and I-264 corridors toward major employment hubs in Norfolk and downtown Virginia Beach. Traffic congestion is common during peak hours, though the area offers relatively direct access to regional arterial roads.
The area features several local parks and green spaces, including proximity to the Mount Trashmore Park and various community recreation centers. Shopping and dining options are concentrated along the Lynnhaven and Independence corridors.
The rental market is characterized by steady demand and low vacancy rates, driven by the area's large military and professional population. Rent growth has remained consistent with regional inflation trends, with a mix of single-family rentals and apartment complexes.
The economy is heavily influenced by the defense industry, tourism, and the Port of Virginia. Major employers include the U.S. Navy and various regional healthcare systems.
The area is served by a network of highways and local bus routes, with limited rail transit options. Commuting is primarily car-dependent.
Development is focused on residential infill and the modernization of existing commercial retail centers along major thoroughfares.
The City of Virginia Beach Assessor's Office conducts annual assessments of all real property to determine fair market value for tax purposes.
Parcels are subject to standard city-wide school and municipal service districts with no unique MUD or PID structures.
Property insurance is readily available, though premiums are influenced by regional flood and wind risk factors.
Data retrieved from data.census.gov for ZCTA 23464.
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 Beach4.54.2 mi
- Dave & Buster's4.16.7 mi
- Hunt Club Farm4.69.4 mi
- Sky Zone Trampoline Park4.22.3 mi
- Motor World4.110.9 mi
- Virginia Aquarium & Marine Science Center4.411.5 mi
- Virginia Beach Convention Center4.511.7 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.45.1 mi
- Hampton Coliseum4.419.5 mi
- Topgolf Virginia Beach4.43.2 mi
- Virginia Aquarium & Marine Science Center4.411.5 mi
- Virginia Zoo4.57.3 mi
- First Landing State Park4.712 mi
- Norfolk Botanical Garden4.87.2 mi
- Mount Trashmore Park4.74.2 mi
- Virginia Aquarium & Marine Science Center4.411.5 mi
- Chrysler Museum of Art4.87 mi
- Nauticus4.76.8 mi
- Cape Henry Lighthouse4.413.4 mi
- USS Wisconsin BB-644.86.8 mi
- First Landing State Park4.712 mi
- Norfolk Botanical Garden4.87.2 mi
- Mount Trashmore Park4.74.2 mi
- Virginia Beach Oceanfront Boardwalk4.712.5 mi
- Oak Grove Park4.74.8 mi
- VIG Portsmouth3.410.7 mi
- Cavalier Golf & Yacht Club4.711.3 mi
- Hampton Yacht Club4.617.6 mi
- Tidewater Yacht Marina4.76.7 mi
- Bay Point Marina4.58.8 mi
- Topgolf Virginia Beach4.43.2 mi
- Virginia Beach National Golf Club4.56.9 mi
- Greenbrier Country Club4.52.5 mi
- Sewells Point Golf Course4.310.1 mi
- Bide-A-Wee Golf Course4.48.3 mi
- Lynnhaven Mall4.46.7 mi
- Norfolk Premium Outlets4.45.8 mi
- Greenbrier Mall4.12.4 mi
- Grand Mart4.44.6 mi
- Navy Exchange Main4.512.1 mi
- Norfolk International Airport4.36.7 mi
- Naval Air Station Oceana4.39.2 mi
- Newport News/Williamsburg International Airport4.428.8 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.
A large regional shopping center serving the Virginia Beach area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.