ZIP 23462 - 860Z200US23462 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23462, located in Virginia Beach, Virginia, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and solid economic indicators, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes this area tick and how it might align with your goals.

Population & Households

ZIP 23462 is home to a robust population of 67,066 residents, making it a vibrant and active community. These individuals are spread across 28,158 households, reflecting a mix of family sizes and living arrangements. The total number of housing units stands at 29,729, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing rental properties.

Income & Housing Costs

The median household income in ZIP 23462 is $69,680, a figure that points to a stable economic base for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median house value is $269,400, which positions the area as a reasonably accessible market for homebuyers, especially when compared to higher-priced regions nearby. For renters, the median rent is $1,652 per month, reflecting a competitive rental market that could appeal to investors seeking steady returns. These figures provide a solid foundation for understanding affordability and investment potential in this ZIP code.

Race & Ethnicity

ZIP 23462 boasts a diverse population, which adds to the cultural richness of the area. The racial composition includes 45.19% White, 31.75% Black, 5.33% Asian, and 12.05% Hispanic residents. This diversity can be a significant draw for families and businesses looking for an inclusive community with varied perspectives and customer bases. It also signals a welcoming environment for newcomers from different backgrounds, whether you’re relocating or planning to serve this market.

Key Facts

• Total population: 67,066 residents, indicating a sizable and active community.
• Total households: 28,158, reflecting a mix of family and individual living arrangements.
• Total housing units: 29,729, suggesting some availability for new occupants.
• Median household income: $69,680, supporting a stable economic environment.
• Median house value: $269,400, offering a relatively accessible entry point for buyers.
• Median rent: $1,652, pointing to a competitive rental market for investors.
• Diverse demographics: 45.19% White, 31.75% Black, 5.33% Asian, and 12.05% Hispanic.

What This Means for You

For homebuyers, ZIP 23462 offers a promising mix of affordability and community diversity. With a median home value of $269,400, you can find properties that fit a range of budgets, while the area’s population size ensures access to amenities and social connections. The slight surplus of housing units (29,729 total) compared to households (28,158) may also mean less competition in certain price brackets.

For investors and real estate agents, the rental market in ZIP 23462 shows potential with a median rent of $1,652. This, combined with a stable median household income of $69,680, suggests that tenants are likely to have the means to sustain long-term leases. The diversity of the population also means a broad tenant pool to draw from.

For small-business owners, the area’s 67,066 residents and diverse demographic makeup provide a substantial customer base. Whether you’re opening a retail store, restaurant, or service-based business, the cultural variety and solid income levels indicate demand for a range of products and services tailored to different needs.

For analysts, these metrics offer a clear starting point for deeper research into market trends, housing demand, and economic stability in ZIP 23462. The data reflects a balanced community with growth potential across multiple sectors.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23462? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture in any area.