ZIP Code · VA

ZIP 23454

Pop. 58,178·Virginia Beach City·75th most expensive ZIP in Virginia
Median rent (all units)
$2,137/mo
Year-over-Year
+8.2%
Month-over-Month
+1.4%
vs US Median
+$205
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 23454 · $2,137
More expensive than 68% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,720
1 BR
$1,740
2 BR
$1,970
3 BR
$2,730
4 BR+
$3,220
Research median
$1,970/mo

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

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 23454 usually run 0.6% below trend in February and 1% above it in August, about $34 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 23454 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Virginia

Rent in ZIP 23454 changed +8.2% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 23454 rose 44.6% while median household income rose 28.5% ($79,984 to $102,796). Rent outpaced income.

Since before the pandemic

Rent in ZIP 23454 is 63.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

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

What a typical income covers

30% of the median household income ($102,796) is $2,570 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,970); a 3-bedroom is $2,730.

Rank in Virginia Beach

6th cheapest of 8 ZIP codes in Virginia Beach.

Cheaper nearby

ZIP 23452, 4 miles away, rents for 13% less ($1,867/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23454. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$25,644/yr
At $2,137/mo median
Location
StateVA
CountyVirginia Beach City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.2% YoY, +1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 23454 (Virginia Beach, VA) is majority owner-occupied, has a median income above the national average, 44.3% of residents hold a bachelor's degree or higher.

Population
58,178
Median income
$102,796
Median age
38.2
Renters
33.1%
Age distribution
22.4%
22.9%
24.2%
14.4%
16.1%
Under 1822.4%
18–3422.9%
35–5424.2%
55–6414.4%
65+16.1%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
69.1%
15%
White69.1%
Black15%
Hispanic6.7%
Asian3.5%
Other5.7%
Education (25+)
20.1%
29.5%
44.3%
No HS diploma6.1%
HS diploma20.1%
Some college29.5%
Bachelor's+44.3%
Housing tenure
66.9%
33.1%
Owner66.9%
Renter33.1%

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

2021 vs 2026

How ZIP 23454 in Virginia Beach, VA has changed in 5 years

Rent
$1,481 → $2,137
up 44.3%
Income
$86,120 → $102,796
up 19.4%
Population
57,942 → 58,178
up 0.4%
Renter share
34.8% → 33.1%
-1.7 pts
Bachelor's+
40.4% → 44.3%
+3.9 pts

Rent in ZIP 23454 in Virginia Beach, VA has increased 44.3% since 2021, going from about $1,481 per month to roughly $2,137 today. Household income in the area moved from $86,120 to $102,796 across the same window, up 19.4% versus 2021. Rent outpaced income growth by roughly 24.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 33.1% of households rent today, against 34.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 40.4% to 44.3%. Reading these numbers side by side helps frame whether current listings in ZIP 23454 in Virginia Beach, VA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 23454

Last updated: October 17, 2026

ZIP code 23454 covers Virginia Beach, VA. The median rent here is $2,137/mo as of October 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $1,970/mo.

At 25% of local median household income ($102,796/yr), ZIP 23454 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23454?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,137/mo in ZIP 23454. The local median household income is $102,796/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23454?

Rent in ZIP 23454 has risen 8.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 23454?

Asking rents in ZIP 23454 are usually lowest in February, about 0.6% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $34 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 23454?

Yes. From 2019 to 2024, rent in ZIP 23454 rose 44.6% while median household income rose 28.5%, from $79,984 to $102,796. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 23454 compare to other ZIPs in Virginia?

ZIP 23454 is in the middle among Virginia ZIP codes for rent, ranking #75 of 194 at $2,137/mo. Over the year to September 2026, rent in ZIP 23454 changed +8.2%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.

How does ZIP 23454 compare to the rest of Virginia Beach?

At $2,137/mo, ZIP 23454 is $39 above the Virginia Beach citywide median of $2,098/mo. It is the 6th cheapest of 8 ZIP codes in Virginia Beach.
Income Affordability
25%
AFFORDABLE

At $2,137/mo, rent takes ~25% of ZIP 23454's median household income ($102,796/yr). The standard benchmark is 30%.

ZIP 23454 25%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23454 (Virginia Beach, VA)

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