Zip 23454 (Virginia Beach, VA) Housing

The housing market in 23454 Virginia Beach, VA is doing well compared to the US house median value of $338,100. The median value of homes in this area is $366,800, and the appreciation rate of local homes has been 11.30% over the past year - higher than the 8.27% appreciation rate for US homes. This indicates that there are many opportunities for home buyers and sellers in this area to take advantage of current trends in the housing market.

The median home cost in Virginia Beach (zip 23454) is $366,800. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Virginia Beach (zip 23454) is up 13.1%.

Average Age of Homes

- The median age of Virginia Beach (zip 23454) real estate is 34 years old

The Rental Market in Virginia Beach (zip 23454)

- Renters make up 34.1% of the Virginia Beach (zip 23454) population
- 0.7% of houses and apartments in Virginia Beach (zip 23454), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Virginia Beach, Virginia	United States
	24,016.0	139,647,020.0
	37	42
	$366,800	$338,100
	13.1%	16.6%
	42.0%	57.0%
	58.5%	101.1%
	$8.77	$10.98
	$2,837	$2,690
	62.9%	57.4%
	3.5%	11.2%
	33.6%	31.4%
Vacant Housing
	0.7%	1.9%
	0.1%	0.4%
	0.6%	0.7%
	0.5%	0.4%
	0.5%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.1%	2.4%
	0.7%	2.8%
	0.7%	3.9%
	0.6%	4.5%
	6.6%	11.3%
	8.9%	13.0%
	24.4%	20.1%
	24.5%	13.6%
	12.3%	8.3%
	11.3%	9.7%
	4.1%	3.9%
	1.6%	2.2%
	0.2%	0.8%
	1.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.8%	13.6%
	9.8%	13.6%
	17.0%	13.6%
	34.3%	13.2%
	18.8%	14.8%
	17.0%	13.6%
	4.9%	10.0%
	0.8%	4.7%
	1.3%	12.2%

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