Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Virginia Beach city
457,066 residents299 permits TTM$90,685 median HHI12 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$366,300
ACS 5-Year
Cap rate proxy
5.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.8%
HUD FMR ÷ ACS HHI
Net migration
+2.59%
IRS SOI
Permits (TTM)
299
Census BPS
Climate risk
57.9
FEMA NRI (0–100)
ZIP code breakdown12 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 23461 | $366,300county est. | $2,090 | 6.8% | 5.4% | 21.1% |
| 23453 | $364,551 | $1,990 | 6.6% | 5.9% | 7.5% |
| 23460 | $366,300county est. | $1,970 | 6.5% | 5.4% | 16.3% |
| 23459 | $366,300county est. | $1,910 | 6.3% | 5.4% | 13.7% |
| 23462 | $320,203 | $2,050 | 7.7% | 7.0% | 6.7% |
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Demographics
Owner-occupied
64.9%
Census ACS
Vacancy rate
5.7%
Census ACS
Bachelor's degree +
40.4%
Census ACS
Rent burdened
49.5%
Census ACS (>30% income)
Median age
37.4
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