Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Isle of Wight County
39,444 residents275 permits TTM$96,118 median HHI6 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$333,600
ACS 5-Year
Cap rate proxy
6.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.4%
HUD FMR ÷ ACS HHI
Net migration
+2.32%
IRS SOI
Permits (TTM)
275
Census BPS
Climate risk
37.9
FEMA NRI (0–100)
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 23304 | $333,600county est. | $1,700 | 6.1% | 4.7% | 22.8% |
| 23315 | $299,060 | $1,370 | 5.5% | 5.1% | 4.2% |
| 23487 | $324,502 | $1,400 | 5.2% | 4.7% | 6.2% |
| 23430 | $393,526 | $1,490 | 4.5% | 7.4% | -64.4% |
| 23314 | $411,257 | $2,120 | 6.2% | 5.3% | 13.9% |
Ranked by composite score
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Demographics
Owner-occupied
81.3%
Census ACS
Vacancy rate
8.3%
Census ACS
Bachelor's degree +
29.9%
Census ACS
Rent burdened
34.5%
Census ACS (>30% income)
Median age
44.2
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 28, 2026