Virginia Beach, VA 23452 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Virginia Beach, VA—23452

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$369,000

2.2% YoY Growth

Household Income

$77,300

11.7% YoY Growth

Days on Market

26

7.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

$2,100

4.9% YoY Growth

1-Bed Rent

$1,470

34.0% YoY Growth

2-Bed Rent

$1,620

1.8% YoY Growth

3-Bed Rent

$2,150

5.3% YoY Growth

Other Zip Codes in Virginia Beach, VA

23451 23454 23456 23455 23453 23464 23457 23462

Home Price Trends — Virginia Beach, VA

As of Nov '25, the median home price in Virginia Beach, VA is $369,000, with a year-over-year change of 2.2%. This indicates that home prices in Virginia Beach, VA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$369,000	2.2%
Single Family	$373,000	2.2%
Condos	$192,000	3.8%

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 $2,140, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is 1-bedrooms: $1,380, 2-bedrooms: $1,700, 3-bedrooms: $2,180, 4-bedrooms: $2,710. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 43.0% and 30.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,140
Studio Rent	N/A	N/A
1 Bed Rent	$1,470	$1,380
2 Bed Rent	$1,620	$1,700
3 Bed Rent	$2,150	$2,180
4 Bed Rent	$2,650	$2,710

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% of Rental Stock

Studio

1.0%

1 Bedroom

17.1%

2 Bedrooms

43.0%

3 Bedrooms

30.4%

4 Bedrooms

7.5%

5+ Bedrooms

0.9%

Property Listings — Virginia Beach, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Virginia Beach, VA is 26. This is a decrease of -7.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$400,000	7.0%
Listing Count	79	6.0%
Listings as % of Homes	0.2%	6.0%
Days on Market	26	-7.0%

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Demographics — Virginia Beach, VA

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 58,000, which has decreased by -2.2% 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 35.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	58,000	-2.2%
% Under 18	23.3%	8.9%
% Seniors	15.9%	15.2%
% WFH	11.6%	251.5%
% w/ College Degree	35.2%	16.6%

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As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 60.1% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 19.8% of the population. Foreign-born residents account for 7.9% of the population in Virginia Beach, VA, and this percentage has decreased by 3.7% 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	60.1%	-3.7%
% Black	19.8%	-1.0%
% Hispanic	9.2%	5.7%
% Asian	5.1%	24.4%
% Foreign Born	7.9%	-3.7%

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Mortgage and Risk — Virginia Beach, VA

According to HUD data as of 2023, there were 989 mortgage originations in Virginia Beach, VA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Virginia Beach, VA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	989
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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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 5.2%. 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	466
Total Units Section 8	462
% Rentals under Section 8	5.2%
% Occupied Section 8	96.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$240	$1,470	$1,710
2 Bedroom	$340	$1,620	$1,960
3 Bedroom	$580	$2,150	$2,730
4 Bedroom	$600	$2,650	$3,250