The housing market in 23455 Virginia Beach, VA is performing well above the national average. The median value of a house in this region is $386,800, which is substantially higher than the median value of US housing at $338,100. In terms of appreciation, the US saw an 8.27% increase over one year while Virginia Beach showed an 11.30% increase in the same time period. This shows that there is strong investor and homeowner interest in this area due to its potential for growth and return on investment.
The median home cost in Virginia Beach (zip 23455) is $386,800. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Virginia Beach (zip 23455) is up 13.1%.
Average Age of Homes
- The median age of Virginia Beach (zip 23455) real estate is 38 years old
The Rental Market in Virginia Beach (zip 23455)
- Renters make up 35.6% of the Virginia Beach (zip 23455) population
- 2.0% of houses and apartments in Virginia Beach (zip 23455), 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.