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Virginia Beach

Learn about the people, housing, costs and businesses in Virginia Beach County

Median Home$410,674
Median Rent$1,868/month
Population456,349
Leading IndustriesArts, Food & Hospitality · Healthcare · Education11% arts, food & hospitality
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners65% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableAmenity Score73/100 · highly walkable area
Virginia Beach City
VA

Frequently Asked Questions

What are today's mortgage rates in Virginia Beach?

As of today, the 30-year fixed mortgage rate for Virginia Beach is approximately 6.968% (6.993% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Virginia Beach?

The median home value in Virginia Beach is $411k. The median monthly rent is $1,868. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Virginia Beach?

Home values in Virginia Beach have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Virginia Beach?

Based on a typical all-in ownership cost of $1,855/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Virginia Beach is $99k/year.

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What industries drive the economy in Virginia Beach?

The largest employment sectors in Virginia Beach are public administration (24%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas