ZIP 23454 - 860Z200US23454 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23454, located in Virginia Beach, Virginia, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 57,000 and a robust median household income, this ZIP code presents a dynamic community with diverse opportunities. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will help you understand the local landscape and make informed decisions.

Population & Households

ZIP 23454 is home to 57,773 residents, making it a sizable community with a strong residential base. These individuals are spread across 23,146 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 24,253, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 23454 is $97,835, a figure that points to a relatively affluent community with solid earning power. This income level supports a strong housing market, where the median home value is $401,900. For renters, the median monthly rent is $1,600, which aligns with the area’s higher cost of living but remains manageable for many households given the income levels. These metrics suggest that ZIP 23454 is a stable market for homeownership and rental investments, with financial capacity to support local businesses as well.

Race & Ethnicity

The demographic makeup of ZIP 23454 reflects a diverse yet predominantly white population. Approximately 69.4% of residents identify as white, followed by 13.04% as Black, 4.42% as Asian, and 6.85% as Hispanic. This diversity contributes to a culturally rich community, offering a blend of perspectives and experiences. For businesses and investors, this mix can translate into varied consumer needs and opportunities to cater to a broad customer base.

Key Facts

• Total population: 57,773 residents, indicating a substantial community size.
• Total households: 23,146, showcasing a strong residential foundation.
• Total housing units: 24,253, suggesting some availability for new occupants.
• Median household income: $97,835, reflecting economic stability.
• Median home value: $401,900, pointing to a competitive real estate market.
• Median rent: $1,600 per month, reasonable given local income levels.
• Racial composition: 69.4% white, 13.04% Black, 4.42% Asian, 6.85% Hispanic, highlighting diversity.

What This Means for You

For homebuyers, ZIP 23454 offers a stable and prosperous community with a median home value of $401,900. The slight surplus of housing units could mean less competition for available properties, but the price point reflects a market that values quality and location. With a median income of $97,835, financing a home here is within reach for many, especially if you’re relocating from a similar or higher-cost area.

For investors and agents, the numbers suggest a healthy real estate market. The combination of high home values and a median rent of $1,600 indicates potential for strong returns on rental properties or flips, especially with over 24,000 housing units in play. The diverse population also means a wide tenant pool with varying needs and budgets.

For small-business owners, the demographic diversity and solid income levels in ZIP 23454 create a promising customer base. With over 57,000 residents and a median household income nearing $98,000, there’s purchasing power to support retail, services, and dining. Tailoring offerings to the cultural mix—such as products or marketing that resonate with different ethnic groups—could give your business an edge.

For analysts, these metrics provide a foundation for deeper market studies. The balance of population size, income, and housing costs points to a community with growth potential, but further research into employment sectors and local policies could refine your forecasts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23454? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Enter any ZIP code of interest to generate a customized report with the latest metrics tailored to your needs.
• Use the insights to inform your next move, whether you’re buying a home, investing, or planning a business venture.