Virginia Beach, VA 23455 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Virginia Beach, VA—23455

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$465,000

3.1% YoY Growth

Household Income

$88,200

19.1% YoY Growth

Days on Market

26

4.0% Shorter YoY

Home Price Forecast

0.7%

Median Rent

$2,200

3.6% YoY Growth

1-Bed Rent

$1,530

23.4% YoY Growth

2-Bed Rent

$1,850

8.0% YoY Growth

3-Bed Rent

$2,500

6.6% YoY Growth

Other Zip Codes in Virginia Beach, VA

23451 23454 23456 23452 23453 23464 23457 23462

Home Price Trends — Virginia Beach, VA

As of May '26, the median home price in Virginia Beach, VA is $465,000, with a year-over-year change of 3.1%. This indicates that home prices in Virginia Beach, VA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$465,000	3.1%
Single Family	$478,000	3.5%
Condos	$402,000	3.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Virginia Beach, VA

As of July '25, Rentcast reports the average rent in Virginia Beach, VA is $2,310, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is 1-bedrooms: $1,530, 2-bedrooms: $1,900, 3-bedrooms: $2,590, 4-bedrooms: $2,920. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 35.7% and 34.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,310
Studio Rent	N/A	N/A
1 Bed Rent	$1,530	$1,530
2 Bed Rent	$1,850	$1,900
3 Bed Rent	$2,500	$2,590
4 Bed Rent	$2,800	$2,920

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% of Rental Stock

Studio

3.9%

1 Bedroom

18.1%

2 Bedrooms

35.7%

3 Bedrooms

34.1%

4 Bedrooms

6.8%

5+ Bedrooms

1.5%

Property Listings — Virginia Beach, VA

As of May '26, Realtor.com reports that the median days on market for a home in Virginia Beach, VA is 26. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$518,000	20.0%
Listing Count	108	16.0%
Listings as % of Homes	0.3%	16.0%
Days on Market	26	-4.0%

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Demographics — Virginia Beach, VA

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 50,500, which has increased by 1.6% over the past 5 years. Virginia Beach, VA is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	50,500	1.6%
% Under 18	20.8%	7.2%
% Seniors	16.9%	14.2%
% WFH	13.4%	219.0%
% w/ College Degree	42.4%	6.0%

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As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 68.9% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 14.4% of the population. Foreign-born residents account for 7.9% of the population in Virginia Beach, VA, and this percentage has decreased by 14.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	68.9%	-0.9%
% Black	14.4%	6.7%
% Hispanic	6.6%	-25.8%
% Asian	5.3%	15.2%
% Foreign Born	7.9%	-14.1%

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Mortgage and Risk — Virginia Beach, VA

According to HUD data as of 2023, there were 866 mortgage originations in Virginia Beach, VA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Virginia Beach, VA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	866
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Virginia Beach, VA

As of 2024, the percent of homes in Virginia Beach, VA under the Section 8 program is 2.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Virginia Beach, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	186
Total Units Section 8	186
% Rentals under Section 8	2.1%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$240	$1,530	$1,770
2 Bedroom	$170	$1,850	$2,020
3 Bedroom	$310	$2,500	$2,810
4 Bedroom	$550	$2,800	$3,350