Written by: Sanjin Hadziomerovic
Introduction
Virginia Beach is a vibrant coastal city on the Atlantic, attracting tourists year-round with its beaches, parks, and family-friendly attractions. The following guide highlights the best-performing ZIP codes in Virginia Beach for short-term rental investments, featuring data on gross yield, annual revenue, and property values. Each area offers unique investment potential based on its location and demand characteristics.
23455 – Thoroughgood/Lake Shores
- Gross Yield: 10%
- Annual Revenue: $45,007
- Zillow Home Value: $431.0K
ZIP code 23455 covers neighborhoods like Thoroughgood and Lake Shores, which are known for their family-friendly communities, access to the Chesapeake Bay, and quality schools. With a gross yield of 10%, this area offers the highest return among Virginia Beach ZIP codes, generating an impressive annual revenue of $45,007. The moderate home value of $431.0K provides a balance of affordability and strong earning potential, making it an attractive choice for investors looking to maximize their returns in a stable residential area with year-round demand.
23453 – Landstown/Green Run
- Gross Yield: 7%
- Annual Revenue: $24,257
- Zillow Home Value: $350.6K
Located in the Landstown and Green Run neighborhoods, ZIP code 23453 offers a blend of suburban living and access to local shopping centers, parks, and schools. With a gross yield of 7% and an annual revenue of $24,257, this area is ideal for investors seeking steady returns in a market with relatively lower entry costs. The affordable home value of $351.5K and its appeal to families and local tourists make it a reliable option for short-term rental investments.
23462 – Kempsville
- Gross Yield: 7%
- Annual Revenue: $21,049
- Zillow Home Value: $307.2K
ZIP code 23462, covering the Kempsville area, is one of Virginia Beach’s more affordable regions, with a Zillow home value of $307.2K. This area has a gross yield of 7% and generates an annual revenue of $21,049. The Kempsville neighborhood is popular among families and travelers looking for a suburban feel with easy access to downtown Virginia Beach and nearby attractions. Its affordability and stable demand make it a solid choice for investors looking to minimize upfront costs while securing reliable rental income.
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23451 – North End/Oceanfront
- Gross Yield: 7%
- Annual Revenue: $41,119
- Zillow Home Value: $627.4K
ZIP code 23451 includes the North End and Oceanfront neighborhoods, some of the most desirable and high-traffic areas in Virginia Beach. Known for its proximity to the ocean, vibrant boardwalk, and nightlife, this ZIP code offers strong appeal to tourists. Although the gross yield is 7%, the high annual revenue of $41,119 and premium home value of $627.4K reflect the area’s luxury market appeal. This ZIP code is ideal for investors targeting vacationers and beach-goers, particularly during the peak summer season.
23452 – Little Neck/Princess Anne Plaza
- Gross Yield: 6%
- Annual Revenue: $23,228
- Zillow Home Value: $358.6K
ZIP code 23452 covers the Little Neck and Princess Anne Plaza neighborhoods, known for their suburban vibe and proximity to shopping and dining options. This area has a gross yield of 6% and an annual revenue of $23,228. With a Zillow home value of $358.6K, this ZIP code provides an affordable option for investors interested in a residential area with steady demand. Its appeal to families and long-term visitors adds to the stability of rental income, making it a dependable investment option.
Conclusion
Virginia Beach’s varied neighborhoods offer diverse opportunities for short-term rental investors. From the luxurious Oceanfront to the affordable Kempsville area, each ZIP code presents unique characteristics that cater to different types of travelers and investment goals. These areas provide a solid foundation for investors looking to tap into Virginia Beach’s year-round rental market.
