ZIP 23464 - 860Z200US23464 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23464 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in Virginia Beach, Virginia, this area is home to a sizable and diverse population with solid economic indicators. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the makeup of ZIP 23464 can help you make informed decisions. Let’s dive into the key metrics for 2023, focusing on population, income, housing, and cultural diversity.

Population & Households

ZIP 23464 is a vibrant community with a total population of 75,290 residents as of 2023. This sizable population supports a dynamic local economy and a robust housing market. The area comprises 28,572 households, reflecting a mix of families, singles, and retirees. With 29,267 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

Economically, ZIP 23464 stands out with a median household income of $89,790, suggesting a relatively affluent community with strong purchasing power. This income level can support local businesses and attract investors seeking stable returns. On the housing front, the median home value is $339,300, positioning this area as a mid-to-upper range market for potential buyers. For renters, the median rent is $1,644 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures highlight ZIP 23464 as a place with significant economic opportunity, balanced by housing costs that reflect the area’s desirability.

Race & Ethnicity

One of the defining characteristics of ZIP 23464 is its diversity. The racial and ethnic composition includes 50.25% White, 22.83% Black, 10.49% Asian, and 9.32% Hispanic residents. This mix creates a culturally rich environment, offering a variety of perspectives, cuisines, and community events. For businesses, this diversity can translate into a broad customer base with varied needs and preferences. For families and individuals, it means a welcoming, inclusive atmosphere that celebrates different backgrounds.

Key Facts

• Total population: 75,290, indicating a substantial community with active local engagement.
• Total households: 28,572, reflecting a strong base of residents driving demand for goods and services.
• Median household income: $89,790, showcasing economic stability and spending potential.
• Median home value: $339,300, positioning ZIP 23464 as a competitive real estate market.
• Median rent: $1,644, relevant for renters and investors evaluating rental yields.
• Diverse demographics: 50.25% White, 22.83% Black, 10.49% Asian, and 9.32% Hispanic, fostering a multicultural environment.
• Total housing units: 29,267, suggesting potential availability for new residents or investment properties.

What This Means for You

For homebuyers, ZIP 23464 offers a stable market with a median home value of $339,300, ideal for those seeking a long-term investment in a diverse and economically sound area. The slight surplus of housing units may provide some negotiating power, though the median price reflects high demand. Investors and real estate agents will find opportunities in both buying and renting, with a median rent of $1,644 indicating solid rental income potential and a large population base to support property turnover. Small-business owners can capitalize on the area’s diversity and $89,790 median income, tailoring products or services to a wide range of cultural and economic needs. Analysts can use these metrics to benchmark ZIP 23464 against other regions, identifying trends in housing affordability or demographic shifts. Across all groups, this area presents a balanced mix of opportunity and community strength.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23464? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business in the area.