Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Isle of Wight County
ZIP 23315
39,444 residents275 permits TTM$96,118 median HHI6 ZIP codesUpdated April 16, 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 23315
Median home value
$333,600
Gross yield
4.9%
Buy Box score
0.6
Section 8 gap
4.3%
Affordability
P/I: 3.1R/I: —
Section 8 detail
SAFMR: $1,370Rent: $1,313Gap: 4.3%
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 23314 | $333,600 | $2,120 | 7.6% | 0.9 | 61.5% |
| 23430 | $333,600 | $1,490 | 5.4% | 0.8 | 13.5% |
| 23315 | $333,600 | $1,370 | 4.9% | 0.6 | 4.3% |
| 23487 | $333,600 | $1,400 | 5.0% | 0.6 | 6.6% |
| 23898 | $333,600 | $1,170 | 4.2% | 0.4 | -10.9% |
| 23304 | $333,600 | $1,700 | 6.1% | — | 29.5% |
Sort by any column. Click a ZIP for detail.
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 16, 2026