Virginia Beach, VA—23456

As of July '25, Rentcast reports the average rent in Virginia Beach, VA is $2,850, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is studios: $600, 1-bedrooms: $1,470, 2-bedrooms: $2,090, 3-bedrooms: $2,640, 4-bedrooms: $3,180. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 36.1% and 35.0% of the rental stock.

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 60,700, which has increased by 12.0% over the past 5 years. Virginia Beach, VA is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.

As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 60.4% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 13.3% of the population. Foreign-born residents account for 12.3% of the population in Virginia Beach, VA, and this percentage has increased by 33.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Virginia Beach, VA under the Section 8 program is 0.4%. 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.