ZIP Code · VA

ZIP 23435

Part of Suffolk, VA

Pop. 33,721·Suffolk City·49th most expensive ZIP in Virginia

Median rent (all units)

$2,421/mo

Year-over-Year

+9.7%

Month-over-Month

+0.6%

vs US Median

+$489

Reported rents

Rising (Monthly)

Be the first to discuss 23435 rents ↓

Most AffordableMost Expensive

ZIP 23435 · $2,421

More expensive than 78% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,890

1 BR

$1,920

2 BR

$2,170

3 BR

$3,010

4 BR+

$3,540

Research median

$2,170/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 23435 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of Virginia

Rent in ZIP 23435 changed +9.6% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 4 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($111,700) is $2,793 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,170); a 3-bedroom is $3,010.

Cheaper nearby

ZIP 23321, 4 miles away, rents for 25% less ($1,805/mo), about $7,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23435. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,052/yr

At $2,421/mo median

Location

CitySuffolk

StateVA

CountySuffolk City

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.7% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 23435 (Suffolk, VA) is majority owner-occupied, has a median income above the national average, 44.5% of residents hold a bachelor's degree or higher.

Population

33,721

Median income

$111,700

Median age

38.3

Renters

31.2%

Age distribution

23.4%

21.4%

28.5%

13.2%

13.5%

Under 1823.4%

18–3421.4%

35–5428.5%

55–6413.2%

65+13.5%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

47.1%

36.9%

White47.1%

Black36.9%

Hispanic6.8%

Asian3.4%

Other5.7%

Education (25+)

20.7%

28.9%

44.5%

No HS diploma6%

HS diploma20.7%

Some college28.9%

Bachelor's+44.5%

Housing tenure

68.8%

31.2%

Owner68.8%

Renter31.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 23435 in Suffolk, VA has changed in 5 years

Rent

$1,876 → $2,421

up 29.1%

Income

$102,108 → $111,700

up 9.4%

Population

32,845 → 33,721

up 2.7%

Renter share

30.9% → 31.2%

+0.3 pts

Bachelor's+

41.5% → 44.5%

+3.0 pts

Median age

37.1 → 38.3

+1.2 yrs

Five years ago, renters in ZIP 23435 in Suffolk, VA paid around $1,876 a month. That figure now sits near $2,421, up 29.1% from the 2022 baseline. Local incomes tracked alongside that move, going from a median of $102,108 in 2021 to $111,700 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 23435 in Suffolk, VA adding about 876 residents over the five-year window, up 2.7% on net. Bachelor's-degree-or-higher attainment moved from 41.5% to 44.5% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 23435 in Suffolk, VA market of 2022.

Community

Discussions about ZIP 23435

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23435

About renting in ZIP 23435

Last updated: October 17, 2026

ZIP code 23435 covers Suffolk, VA. The median rent here is $2,421/mo as of October 2026. A 1-bedroom rents for a median of $1,920/mo. A 2-bedroom rents for a median of $2,170/mo.

At 26% of local median household income ($111,700/yr), ZIP 23435 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23435?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,421/mo in ZIP 23435. The local median household income is $111,700/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23435?

Rent in ZIP 23435 has risen 9.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2022.

How does ZIP 23435 compare to other ZIPs in Virginia?

ZIP 23435 is one of the pricier among Virginia ZIP codes for rent, ranking #49 of 194 at $2,421/mo. Over the year to September 2026, rent in ZIP 23435 changed +9.6%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.