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Virginia Beach city, VA

ZIP 23451 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23451

Median Home Value
$591,300
Median Rent
$1,521
Affordability Snapshot
$163,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,798/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23451 in Virginia Beach city, VA, a household would need roughly $163,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,798. That is about 66% above the local median household income ($97,945), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
53.5%-18% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
4.3%-66% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
33.1%-13% vs US avg
x
$591,300
Home Value
$1,521
Rent
1983
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached33.2%
  • 1-unit attached16.0%
  • 2-9 units22.4%
  • 10+ units27.6%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$591,300
Median rent$1,521
Owner-occupied53.5%
Vacant13.2%
Price-to-income6.0x
Est. income to buy$163,000