Virginia Beach, VA 23454 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Virginia Beach, VA—23454

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$444,000

1.6% YoY Growth

Household Income

$97,800

28.6% YoY Growth

Days on Market

31

11.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$2,200

1.3% YoY Growth

1-Bed Rent

$1,310

23.3% YoY Growth

2-Bed Rent

$1,750

2.4% YoY Growth

3-Bed Rent

$2,500

7.0% YoY Growth

Other Zip Codes in Virginia Beach, VA

23451 23456 23452 23455 23453 23464 23457 23462

Home Price Trends — Virginia Beach, VA

As of Nov '25, the median home price in Virginia Beach, VA is $444,000, with a year-over-year change of 1.6%. 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	$444,000	1.6%
Single Family	$470,000	1.5%
Condos	$264,000	2.7%

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 $2,240, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is 1-bedrooms: $1,270, 2-bedrooms: $1,710, 3-bedrooms: $2,430, 4-bedrooms: $2,930. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 43.6% and 31.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,240
Studio Rent	N/A	N/A
1 Bed Rent	$1,310	$1,270
2 Bed Rent	$1,750	$1,710
3 Bed Rent	$2,500	$2,430
4 Bed Rent	$2,800	$2,930

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% of Rental Stock

Studio

2.4%

1 Bedroom

13.0%

2 Bedrooms

43.6%

3 Bedrooms

31.7%

4 Bedrooms

6.9%

5+ Bedrooms

2.4%

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 31. This is a decrease of -11.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$450,000	11.0%
Listing Count	90	-1.0%
Listings as % of Homes	0.2%	-1.0%
Days on Market	31	-11.0%

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Demographics — Virginia Beach, VA

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 57,800, which has decreased by -3.2% over the past 5 years. Virginia Beach, VA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	57,800	-3.2%
% Under 18	21.7%	-4.0%
% Seniors	16.0%	26.0%
% WFH	12.5%	303.2%
% w/ College Degree	43.3%	17.3%

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As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 69.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 13.2% of the population. Foreign-born residents account for 7.4% of the population in Virginia Beach, VA, and this percentage has increased by 13.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.4%	-3.9%
% Black	13.2%	-0.8%
% Hispanic	6.9%	7.8%
% Asian	4.9%	28.9%
% Foreign Born	7.4%	13.8%

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Mortgage and Risk — Virginia Beach, VA

According to HUD data as of 2023, there were 683 mortgage originations in Virginia Beach, VA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 28.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	683
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	11.0%

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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 4.3%. 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	465
Total Units Section 8	333
% Rentals under Section 8	4.3%
% Occupied Section 8	96.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$350	$1,310	$1,660
2 Bedroom	$150	$1,750	$1,900
3 Bedroom	$140	$2,500	$2,640
4 Bedroom	$350	$2,800	$3,150