Virginia Beach-Norfolk-Newport News, VA-NC · Virginia

Mathews County

ZIP 23035

8,517 residents31 permits TTM$75,487 median HHI15 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$348,800

ACS 5-Year

Cap rate proxy

5.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.6%

HUD FMR ÷ ACS HHI

Net migration

+0.67%

IRS SOI

Permits (TTM)

31

Census BPS

Climate risk

12.2

FEMA NRI (0–100)

ZIP 23035

Median home value

$347,488

Gross yield

4.9%

Buy Box score

0.2

Section 8 gap

27.3%

Affordability

P/I: 4.6R/I:

Section 8 detail

SAFMR: $1,410Rent: $1,108Gap: 27.3%
ZIP code breakdown15 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
23109$323,746$1,2704.7%4.1%12.8%
23035$347,488$1,4104.9%3.8%21.4%
23021$348,800county est.$1,4104.9%3.8%21.4%
23025$348,800county est.$1,4104.9%3.8%21.4%
23045$348,800county est.$1,4104.9%3.8%21.4%
23050$348,800county est.$1,4104.9%3.8%21.4%
23056$348,800county est.$1,4104.9%3.8%21.4%
23066$348,800county est.$1,4104.9%3.8%21.4%
23068$348,800county est.$1,4104.9%3.8%21.4%
23076$348,800county est.$1,4104.9%3.8%21.4%
23119$348,800county est.$1,4104.9%3.8%21.4%
23130$348,800county est.$1,4405.0%3.8%23.1%
23138$348,800county est.$1,6705.7%3.8%33.6%
23163$348,800county est.$1,6705.7%3.8%33.6%
23128$357,255$1,4104.7%3.7%21.4%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

85.6%

Census ACS

Vacancy rate

31.3%

Census ACS

Bachelor's degree +

30.1%

Census ACS

Rent burdened

27.1%

Census ACS (>30% income)

Median age

53.8

Census ACS

Data sources
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