The story of this market
The typical home in ZIP 23434 sells for about $345,000, or $200 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $2,047 a month.
ZIP 23434 — Suffolk
The 23434 housing market is currently stable with a median listing price of $398,500. Market activity is driven by new construction and steady demand from families, though inventory remains limited. Some figures like specific tax history and detailed permit counts were not available at the ZIP level.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and access to the Hampton Roads employment core.
Median prices moved up 2.5% year over year.
Homes spend a median of 49 days on market with 11.0 months of supply — a slower-moving market.
17% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 11.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 23434, Suffolk city, Virginia
Schools in the area are part of the Suffolk Public Schools district, which serves the broader city and maintains a mix of ratings across elementary, middle, and high school levels.
The area is subject to standard regional flood and wind risks associated with the coastal Virginia environment, requiring typical homeowner insurance considerations.
Economic momentum is driven by residential development in Suffolk and proximity to the broader Hampton Roads employment hub, including military and logistics sectors.
Property taxes are assessed by the City of Suffolk based on fair market value; there are no special district taxes like MUDs or PIDs reported for this ZIP.
Residents typically face a commute of approximately 31 minutes, reflecting travel toward employment centers in the Hampton Roads metro area.
The area features access to local parks, community centers, and proximity to the historic downtown Suffolk district for shopping and dining.
The rental market shows moderate demand with a median rent of $2,047, reflecting a mix of single-family and multi-family housing options.
The economy is anchored by the Hampton Roads regional industry mix, including logistics, military, and government sectors.
Transportation is primarily highway-dependent, with major corridors connecting Suffolk to the broader Hampton Roads region.
Ongoing residential development is visible in new construction projects throughout the ZIP code.
The City of Suffolk Assessor's office manages property valuations for tax purposes.
Parcels are served by the Suffolk Public Schools district.
Property insurance premiums are influenced by coastal hazard exposure typical of the Virginia Tidewater region.
Data retrieved from Census Reporter and data.census.gov.
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. Source: NCES EDGE public school locations 2023-24.
Historic district offering local retail and dining options.
Key-figure check: median price diverges 15.5% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $398,500 (15.5% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration.