The story of this market
The typical home in ZIP 23156 sells for about $283,000, or $174 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $939 a month.
ZIP 23156 — Shacklefords
The housing market in 23156 is characterized by low transaction volume and high vacancy rates, reflecting its rural nature. Prices have remained stagnant year-over-year, suggesting a stable but slow-moving market that requires careful navigation for investors.
This ZIP is best suited for rural-lifestyle seekers and local commuters who prioritize affordability and space over proximity to dense urban employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 87 days on market with 4.0 months of supply — a balanced-paced market.
43% of listings have cut prices · homes sell at 96% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.6% · poverty 22.1% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23156, King and Queen County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is subject to regional flood and wind risks typical of the Virginia Tidewater region; insurance availability and premiums are sensitive to these environmental factors.
Economic momentum is modest, with development primarily driven by proximity to West Point and regional agricultural or rural residential expansion.
Property taxes are assessed at the county level in King and Queen County; rates are determined by the local board of supervisors based on annual budget requirements.
Commutes are primarily car-dependent, with residents typically traveling to West Point or Gloucester for employment and services.
Recreation is centered on rural outdoor activities, including access to local waterways and proximity to regional parks in the surrounding Tidewater area.
The rental market is characterized by high vacancy rates and limited inventory, often requiring experienced management to navigate the rural investment landscape.
The local economy is largely supported by agriculture, forestry, and small-scale service industries, with larger employment hubs located in nearby West Point.
Transportation is entirely reliant on private vehicle use via state and local road networks; there is no public transit infrastructure.
Development is primarily focused on low-density residential and agricultural land use with no major commercial projects currently reported.
Parcels are subject to King and Queen County general tax levies; specific utility or special service districts are limited in this rural geography.
Property insurance markets are influenced by regional coastal and storm-related risk profiles, leading to variable premium structures.
Data retrieved from ZCTA-level census profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local access for fishing, boating, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.