Virginia Beach, VA—23462

As of July '25, Rentcast reports the average rent in Virginia Beach, VA is $1,940, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is studios: $1,760, 1-bedrooms: $1,560, 2-bedrooms: $1,770, 3-bedrooms: $2,130, 4-bedrooms: $2,420. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 43.0% and 29.3% of the rental stock.

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 67,100, which has increased by 5.4% over the past 5 years. Virginia Beach, VA is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.

As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 45.2% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 32.9% of the population. Foreign-born residents account for 8.6% of the population in Virginia Beach, VA, and this percentage has decreased by 15.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

As of 2024, the percent of homes in Virginia Beach, VA under the Section 8 program is 7.7%. 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.