ZIP Code 23438 — Suffolk, VA Home Prices (2026)
The typical home in ZIP 23438 (Suffolk, Virginia) is worth about $362,000 at roughly $245 per square foot — 20% more affordable than the Suffolk median and 23% more expensive than the typical U.S. home.
How 23438 compares
ZIP 23438 is one of the more affordable ZIP codes in Suffolk: its typical home value of $362,000 ranks #5 of the 7 Suffolk ZIP codes we track (the citywide range runs from $346,000 in 23434 to $568,000 in 23433). Per square foot it costs about $245, against $227 for Suffolk as a whole, $221 for Virginia, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 23438 | $362,000 | $245 |
| Suffolk, VA | $455,000 | $227 |
| Virginia | $342,000 | $221 |
| United States | $294,000 | $195 |
Home value by size in 23438
Using this ZIP’s rate of about $245 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $245,000 |
| 1,500 sq ft | $367,500 |
| 2,000 sq ft | $490,000 |
| 2,500 sq ft | $612,500 |
| 3,000 sq ft | $735,000 |
Salary needed to buy a home in ZIP 23438
To buy the typical $362,000 home in ZIP 23438 with 20% down, you need a household income of roughly $98,000 a year (about $2,300 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $117,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $18,100 | $2,860/mo | $122,000/yr |
| 10% (+PMI) | $36,200 | $2,730/mo | $117,000/yr |
| 20% | $72,400 | $2,300/mo | $98,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 23438
At about $245 per square foot, here is roughly how much home different budgets get you in ZIP 23438:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 820 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1020 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1220 sq ft | around the typical home here |
| $400k | 1630 sq ft | around the typical home here |
| $500k | 2040 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 23438 home.
Estimate a specific home in 23438
The estimator below is pre-set to ZIP 23438 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Suffolk ZIP codes by home value
Where 23438 sits among Suffolk’s 7 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 23433 | $568,000 | $227 |
| 2 | 23436 | $524,000 | $234 |
| 3 | 23432 | $461,000 | $227 |
| 4 | 23435 | $455,000 | $211 |
| 5 | 23438 (this page) | $362,000 | $245 |
| 6 | 23437 | $354,000 | $223 |
| 7 | 23434 | $346,000 | $198 |
ZIP 23438 home prices: frequently asked
What is the average home price in ZIP code 23438? +
What is the price per square foot in 23438? +
What salary do you need to buy a house in ZIP 23438? +
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See the full Suffolk home values page, all Virginia cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.