Virginia Beach, VA—23457
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Virginia Beach, VA
As of Oct '25, the median home price in Virginia Beach, VA is $642,000, with a year-over-year change of 2.8%. This indicates that home prices in Virginia Beach, VA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $642,000 | 2.8% |
| Single Family | $642,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $368,000 | 2.2% |
3 Bed | $543,000 | 2.1% |
4 Bed | $762,000 | 3.4% |
| 5 Bed | $947,000 | 4.2% |
% of Housing Stock
Rental Trends — Virginia Beach, VA
Virginia Beach, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Virginia Beach, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Virginia Beach, VA is 76. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | 16.0% |
Listing Count | 23 | 103.0% |
| Listings as % of Homes | 0.7% | 103.0% |
Days on Market | 76 | 26.0% |
Demographics — Virginia Beach, VA
As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 4,930, which has increased by 15.6% over the past 5 years. Virginia Beach, VA is a popular place for families, as children make up 28.7% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,930 | 15.6% |
% Under 18 | 28.7% | 24.2% |
% Seniors | 14.7% | -0.7% |
% WFH | 8.2% | -2.4% |
% w/ College Degree | 29.6% | 14.3% |
As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 4.8% of the population. Foreign-born residents account for 1.9% of the population in Virginia Beach, VA, and this percentage has decreased by 38.7% 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 | 88.3% | -4.0% |
% Black | 4.8% | 84.6% |
% Hispanic | 3.0% | 20.0% |
% Asian | 0.6% | -60.0% |
% Foreign Born | 1.9% | -38.7% |
Mortgage and Risk — Virginia Beach, VA
According to HUD data as of 2023, there were 119 mortgage originations in Virginia Beach, VA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Virginia Beach, VA. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Virginia Beach, VA
Virginia Beach, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,840 |
| 2 Bedroom | N/A | N/A | $2,110 |
| 3 Bedroom | N/A | N/A | $2,930 |
| 4 Bedroom | N/A | N/A | $3,490 |
Affordability — Virginia Beach, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $642,000 |
| Median Household Income | $110,000 |