Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Gloucester County
ZIP 23062
39,228 residents128 permits TTM$83,689 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$289,200
ACS 5-Year
Cap rate proxy
7.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.4%
HUD FMR ÷ ACS HHI
Net migration
+1.47%
IRS SOI
Permits (TTM)
128
Census BPS
Climate risk
22.6
FEMA NRI (0–100)
ZIP 23062
Median home value
$347,220
Gross yield
4.4%
Cap rate
4.0%
Rent gap
9.2%
Affordability
P/I: 4.1R/I: —
Section 8 detail
SAFMR: $1,260Rent: $1,144Gap: 10.1%
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 23062 | $347,220 | $1,260 | 4.4% | 4.0% | 9.2% |
| 23072 | $357,373 | $1,340 | 4.5% | 3.8% | 14.6% |
| 23061 | $370,738 | $1,540 | 5.0% | 3.7% | 25.7% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
79.8%
Census ACS
Vacancy rate
12.2%
Census ACS
Bachelor's degree +
25.9%
Census ACS
Rent burdened
39.1%
Census ACS (>30% income)
Median age
44.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026