ZIP 23462
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 23462 usually run 0.6% below trend in December and 0.5% above it in July, about $23 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 23462 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 23462 changed +10.4% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in ZIP 23462 rose 41.7% while median household income rose 2.9% ($67,082 to $69,040). Rent outpaced income.
Rent in ZIP 23462 is 59.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($69,040) is $1,726 a month. That is less than HUD's Fair Market Rent for a studio ($1,790).
4th cheapest of 8 ZIP codes in Virginia Beach.
ZIP 23502, 3 miles away, rents for 13% less ($1,780/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 23462. 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.
Who lives here
ZIP 23462 (Virginia Beach, VA) is roughly split between renters and owners, 30.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 23462 in Virginia Beach, VA has changed in 5 years
Compared with 2021, rent in ZIP 23462 in Virginia Beach, VA has climbed by $618 per month, settling near $2,046 after starting the period at $1,428. Median household income grew from $65,231 to $69,040 between 2021 and 2024, a 5.8% shift. Rent outpaced income growth by roughly 37.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 66,949 to 66,151 between 2021 and 2024, a 1.2% change. Taken together, the five-year picture in ZIP 23462 in Virginia Beach, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 23462
Last updated: October 17, 2026
ZIP code 23462 covers Virginia Beach, VA. The median rent here is $2,046/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,050/mo.
At 36% of local median household income ($69,040/yr), ZIP 23462 ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.4% over the past year.
Frequently asked questions
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How does ZIP 23462 compare to other ZIPs in Virginia?
How does ZIP 23462 compare to the rest of Virginia Beach?
At $2,046/mo, rent takes ~36% of ZIP 23462's median household income ($69,040/yr). The standard benchmark is 30%.
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