Zip 23462 (Virginia Beach, VA) Housing

Housing in Virginia Beach, VA 23462 is quite healthy. According to recent data, the median value of houses in this area is $264,700, which is lower than the US median value of $338,100. Despite this difference, homes in the area have seen a strong appreciation rate of 11.30%, higher than the United States' overall appreciation rate of 8.27%. This indicates that investing in housing in Virginia Beach can be a sound decision as values are likely to increase over time.

The median home cost in Virginia Beach (zip 23462) is $264,700. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Virginia Beach (zip 23462) is up 13.1%.

Average Age of Homes

- The median age of Virginia Beach (zip 23462) real estate is 35 years old

The Rental Market in Virginia Beach (zip 23462)

- Renters make up 43.3% of the Virginia Beach (zip 23462) population
- 2.2% of houses and apartments in Virginia Beach (zip 23462), 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
	28,753.0	139,647,020.0
	38	42
	$264,700	$338,100
	13.1%	16.6%
	42.0%	57.0%
	58.5%	101.1%
	$8.46	$10.98
	$1,901	$2,690
	51.1%	57.4%
	5.1%	11.2%
	43.8%	31.4%
Vacant Housing
	2.2%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.4%	0.4%
	0.4%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	1.3%	2.4%
	0.2%	2.8%
	0.7%	3.9%
	1.3%	4.5%
	12.0%	11.3%
	20.6%	13.0%
	42.7%	20.1%
	14.9%	13.6%
	3.1%	8.3%
	0.2%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.8%	13.6%
	11.8%	13.6%
	10.5%	13.6%
	26.8%	13.2%
	18.6%	14.8%
	10.5%	13.6%
	6.1%	10.0%
	0.6%	4.7%
	0.9%	12.2%

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