Virginia Beach, VA 23453 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

View in Interactive Map

Virginia Beach, VA—23453

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$360,000

0.7% YoY Growth

Household Income

$90,700

35.1% YoY Growth

Days on Market

29

7.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$1,950

0.9% YoY Growth

1-Bed Rent

$1,370

N/A

2-Bed Rent

$1,650

3.0% YoY Growth

3-Bed Rent

$1,950

3.9% YoY Growth

Other Zip Codes in Virginia Beach, VA

23451 23454 23456 23452 23455 23464 23457 23462

Home Price Trends — Virginia Beach, VA

As of Nov '25, the median home price in Virginia Beach, VA is $360,000, with a year-over-year change of 0.7%. This indicates that home prices in Virginia Beach, VA are flat. 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	$360,000	0.7%
Single Family	$367,000	0.8%
Condos	$211,000	1.4%

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 -0.9%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is 1-bedrooms: $1,400, 2-bedrooms: $1,710, 3-bedrooms: $2,140, 4-bedrooms: $2,790. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 37.3% and 34.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,950	$2,140
Studio Rent	N/A	N/A
1 Bed Rent	$1,370	$1,400
2 Bed Rent	$1,650	$1,710
3 Bed Rent	$1,950	$2,140
4 Bed Rent	$2,480	$2,790

Loading chart...

% of Rental Stock

Studio

0.6%

1 Bedroom

14.9%

2 Bedrooms

37.3%

3 Bedrooms

34.7%

4 Bedrooms

11.9%

5+ Bedrooms

0.5%

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 29. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$335,000	1.0%
Listing Count	50	-13.0%
Listings as % of Homes	0.2%	-13.0%
Days on Market	29	-7.0%

Loading chart...

Demographics — Virginia Beach, VA

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 34,500, which has decreased by -4.4% over the past 5 years. Virginia Beach, VA is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	34,500	-4.4%
% Under 18	24.8%	-5.0%
% Seniors	11.2%	19.1%
% WFH	10.0%	316.7%
% w/ College Degree	33.2%	16.1%

Loading chart...

As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 46.3% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 22.0% of the population. Foreign-born residents account for 11.3% of the population in Virginia Beach, VA, and this percentage has decreased by 20.4% 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	46.3%	-0.4%
% Black	22.0%	-12.7%
% Hispanic	10.1%	-12.2%
% Asian	11.7%	-3.3%
% Foreign Born	11.3%	-20.4%

Loading chart...

Mortgage and Risk — Virginia Beach, VA

According to HUD data as of 2023, there were 401 mortgage originations in Virginia Beach, VA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 44.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	401
% Conventional Loans	53.0%
% Government Loans	47.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

Loading chart...

Loading chart...

Rentals and Section 8 — Virginia Beach, VA

As of 2024, the percent of homes in Virginia Beach, VA under the Section 8 program is 11.1%. 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	433
Total Units Section 8	426
% Rentals under Section 8	11.1%
% Occupied Section 8	97.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$340	$1,370	$1,710
2 Bedroom	$300	$1,650	$1,950
3 Bedroom	$760	$1,950	$2,710
4 Bedroom	$750	$2,480	$3,230