Virginia Beach, VA 23464 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Virginia Beach, VA—23464

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$395,000

2.1% YoY Growth

Household Income

$89,800

14.9% YoY Growth

Days on Market

29

10.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$2,150

0.4% YoY Growth

1-Bed Rent

$1,580

56.3% YoY Growth

2-Bed Rent

$1,750

0.0% YoY Growth

3-Bed Rent

$2,200

2.3% YoY Growth

Other Zip Codes in Virginia Beach, VA

23451 23454 23456 23452 23455 23453 23457 23462

Home Price Trends — Virginia Beach, VA

As of Nov '25, the median home price in Virginia Beach, VA is $395,000, with a year-over-year change of 2.1%. This indicates that home prices in Virginia Beach, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$395,000	2.1%
Single Family	$399,000	2.3%
Condos	$244,000	4.7%

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 $2,220, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Virginia Beach, VA is studios: $1,400, 1-bedrooms: $1,510, 2-bedrooms: $1,740, 3-bedrooms: $2,210, 4-bedrooms: $2,830. The most common rental property sizes in Virginia Beach, VA are 2-bedroom and 3-bedroom, accounting for 44.9% and 29.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,150	$2,220
Studio Rent	$1,400	$1,400
1 Bed Rent	$1,580	$1,510
2 Bed Rent	$1,750	$1,740
3 Bed Rent	$2,200	$2,210
4 Bed Rent	$2,800	$2,830

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% of Rental Stock

Studio

0.6%

1 Bedroom

14.5%

2 Bedrooms

44.9%

3 Bedrooms

29.0%

4 Bedrooms

10.9%

5+ Bedrooms

0.1%

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 -10.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$412,000	6.0%
Listing Count	81	-2.0%
Listings as % of Homes	0.2%	-2.0%
Days on Market	29	-10.0%

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Demographics — Virginia Beach, VA

As of the latest ACS Survey released in 2023, Virginia Beach, VA has a population of 75,300, which has decreased by -1.6% over the past 5 years. Virginia Beach, VA is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	75,300	-1.6%
% Under 18	22.0%	-6.0%
% Seniors	15.4%	14.9%
% WFH	14.3%	393.1%
% w/ College Degree	38.2%	12.4%

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As of the latest ACS Survey released in 2023, Virginia Beach, VA is a predominantly white area, with 50.2% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Virginia Beach, VA is black, making up 23.9% of the population. Foreign-born residents account for 11.1% of the population in Virginia Beach, VA, and this percentage has decreased by 2.6% 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	50.2%	-5.3%
% Black	23.9%	0.8%
% Hispanic	9.3%	19.2%
% Asian	10.9%	-0.9%
% Foreign Born	11.1%	-2.6%

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Mortgage and Risk — Virginia Beach, VA

According to HUD data as of 2023, there were 1045 mortgage originations in Virginia Beach, VA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 36.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,045
% Conventional Loans	59.0%
% Government Loans	41.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

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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 5.9%. 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	557
Total Units Section 8	557
% Rentals under Section 8	5.9%
% Occupied Section 8	96.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$90	$1,580	$1,670
2 Bedroom	$160	$1,750	$1,910
3 Bedroom	$460	$2,200	$2,660
4 Bedroom	$360	$2,800	$3,160