Market Snapshot
- Median listing price
- $527K
- Median rent
- $2,200/mo
- Days on market
- 319 days
- Gross rental yield
- 5.01%
- STR vs LTR
- $3,067/mo STR · $2,200/mo LTR
The median listing price in Virginia Beach, VA ZIP 23455 is $527,400 as of June 2026.
The median market rent in Virginia Beach, VA ZIP 23455 is $2,200/month as of June 2026.
The median days on market in Virginia Beach, VA ZIP 23455 is 319 days as of June 2026. The market is currently neutral.
At a median list price of $527,400 and a median rent of $2,200/month, the gross rental yield in Virginia Beach, VA ZIP 23455 is 5.01% as of June 2026.
In Virginia Beach, VA ZIP 23455, median Airbnb revenue is $3,067/month compared to median long-term rent of $2,200/month as of June 2026.
Virginia Beach, VA 23455 Real Estate Market Report
ZIP Code: 23455
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Virginia Beach, VA, are approximately 6.6% as of June 2026, reflecting the prevailing market environment for property owners in this area.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is median sold price $348,050, which reflects recent transaction-level market value and aligns with the price year-over-year trend being up.
- A notable spread between median listing price $527,400 and median sold price $348,050 may indicate pricing friction where seller expectations exceed recent transaction prices.
- The market shows a slower sales velocity with median days on market 319, while overall conditions read as neutral (market temperature: neutral), suggesting a balanced buyer-seller dynamic rather than a one-sided market.
- Rental strength is evident with median market rent $2,200 and rent year-over-year trend up; coupled with a median price per square foot of $254 and interest rate pressure at a moderate level (current 30-year fixed rates ~6.6%), investors should weigh rising rents against financing costs when evaluating opportunities.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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