Zip Code 23452

Virginia Beach, VAVirginia Beach City County

Real Estate Market Analysis

Q3 2025 Report
$375,735 (up 2.1% YoY)
Median Home Value
~62,000 (estimated)
Population
$67,000 (estimated)
Median Income
A- (Niche, 2025)
School District Rating

Market Statistics

Property Values

$375,735 (up 2.1% YoY)
Median Home Value
$2,100 (estimated, based on area averages)
Median Rent
$215 (estimated, based on recent sales)
Price per Sq Ft

Market Performance

Home Appreciation8.4% YoY increase as of June 2025
Market VelocityMedian 19 days on market
Foreclosure RateLow, consistent with Virginia Beach averages

Area Information

Area SizeApproximately 16 sq mi
CountyVirginia Beach City
Primary CityVirginia Beach

Housing Profile

Housing Statistics

Total Housing Units~19,000 (estimated)
Owner Occupied~58%
Rental Properties~42%
Vacant Units~6%
New ConstructionLimited infill and redevelopment; new builds are rare due to mature development

Housing Types

Single-family detachedTownhomesCondosApartments

Demographics

~62,000 (estimated)
Population
36.5 years
Median Age
$67,000 (estimated)
Median Income
~96% (unemployment ~4%)
Employment Rate
High school grad or higher: 92%; Bachelor’s or higher: 34%
Education Levels
Mix of families, singles, and retirees; average household size 2.5
Family Composition

Education Quality

School District Performance

A- (Niche, 2025)
District Rating
School DistrictVirginia Beach City Public Schools
Test ScoresAbove state average; strong math and reading proficiency
Graduation Rates92% (district-wide)

Schools in Area

  • Old Donation School (2-8, magnet)
  • Thoroughgood Elementary
  • Kingston Elementary
  • Lynnhaven Elementary
  • Windsor Woods Elementary

Economic Factors

Employment & Business

Job Growth2.3% YoY (2025)
Unemployment Rate4%
Business EnvironmentDiverse, stable; strong military, healthcare, and retail sectors
Commercial ActivityActive retail corridors, especially near Lynnhaven Parkway

Major Employers

  • Sentara Healthcare
  • Virginia Beach City Public Schools
  • Military (Naval Air Station Oceana)
  • Retail (Lynnhaven Mall)
  • Hospitality/Tourism

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-264 freeway
  • Lynnhaven Parkway
  • Public bus routes (HRT)

Utilities & Services

  • City water/sewer
  • Dominion Energy (electric)
  • Natural gas

Quality of Life

Safety & Environment

Moderate; lower than national average for violent crime, slightly above average for property crime

Good; some flood risk in low-lying areas

Healthcare Access

  • Sentara Virginia Beach General Hospital
  • Urgent care clinics
  • Specialty practices

Development Trends

Planned Developments

  • Lynnhaven Mall area redevelopment
  • Mixed-use infill projects

Infrastructure Projects

  • Roadway improvements on Lynnhaven Parkway
  • Stormwater upgrades

Investment Outlook

Growth Outlook

Stable, moderate growth; limited new land but ongoing redevelopment

Investment Opportunities

  • Value-add multifamily
  • Townhome redevelopment
  • Retail repositioning

Marketing Intelligence

Target Demographics

  • Young families
  • Military relocators
  • First-time buyers
  • Investors

Competitive Advantages

  • Central location
  • Stable home values
  • Diverse housing stock

Pricing Strategies

Price competitively near median; highlight move-in ready and updated features

Common Objections & Response Strategies

Objection: Older housing stock

Response Strategy:

Emphasize recent renovations and value pricing

Objection: Property taxes

Response Strategy:

Show overall cost of living is lower than many coastal markets

Objection: Flood risk in some areas

Response Strategy:

Provide flood zone maps and insurance options; highlight mitigation efforts

Professional Recommendations

1

Leverage military relocation networks and VA loan expertise

2

Market updated homes aggressively; stage for quick sales

3

Educate buyers on flood zones and insurance

4

Highlight school quality and proximity to parks

5

Target investors with rental yield and appreciation data

Competitive Analysis

Comparable Markets

  • 23454 (higher price point, similar amenities)
  • 23462 (more affordable, higher rental concentration)

Market Positioning

Mid-market, family-friendly, strong rental and resale potential

Competitive Advantages

  • Central location, strong schools, stable demand

Price Comparison

Slightly below Virginia Beach citywide median ($404,130)

Investment Metrics

5.2% (multifamily, stabilized)
Cap Rates
6.1% gross yield (median rent/median price)
Rental Yields
~15.5
Price-to-Rent
Moderate; positive cash flow possible with value-add or updated units
Cash Flow
3-4% annualized over next 3 years
Appreciation

Buyer Journey Insights

First-Time Buyers

Active segment; seek affordability, good schools, and safe neighborhoods

Move-Up Buyers

Look for larger homes, updated features, proximity to parks

Downsizers

Prefer low-maintenance condos/townhomes, walkable amenities

Investors

Attracted by strong rental demand, stable appreciation

Relocators

Military and professionals value access to bases, highways, and shopping

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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