Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Southampton County
ZIP 23828
17,988 residents51 permits TTM$68,465 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$208,800
ACS 5-Year
Cap rate proxy
9.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.3%
HUD FMR ÷ ACS HHI
Net migration
+1.33%
IRS SOI
Permits (TTM)
51
Census BPS
Climate risk
29.8
FEMA NRI (0–100)
ZIP 23828
Median home value
—
Gross yield
—
Buy Box score
—
Section 8 gap
—
Affordability
P/I: 2.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 23827 | — | — | — | 6.5% | 16.2% |
| 23828 | — | — | — | 5.3% | 11.4% |
| 23844 | — | — | — | 5.3% | 7.9% |
| 23874 | — | — | — | 5.3% | 26.2% |
| 23829 | — | — | — | 4.8% | 13.1% |
| 23851 | $240,279 | $1,100 | 5.5% | 4.6% | 15.4% |
| 23878 | — | — | — | 4.0% | 26.2% |
| 23837 | — | — | — | 4.0% | 25.0% |
| 23866 | $287,989 | $1,270 | 5.3% | 3.9% | 26.8% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
74.8%
Census ACS
Vacancy rate
11.4%
Census ACS
Bachelor's degree +
18.6%
Census ACS
Rent burdened
40.2%
Census ACS (>30% income)
Median age
46.9
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