Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Virginia Beach City area can be challenging. Home prices in Virginia Beach City are now at a median cost of $366,025, higher than the Virginia average of $323,261.
The average cost of rent is $1,732/mo in Virginia Beach City, primarily driven by the current value of real estate in the Virginia Beach City area. While nearly 27.97% of residents own their homes outright in Virginia Beach City, 32.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Virginia Beach City is $8,077 per month. Households that rent pay about 21.44% of their income on rent here. Virginia Beach City's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the county.
Nearby Counties
- Norfolk City, VA: less expensive homes
- Chesapeake City, VA: less expensive homes
- Portsmouth City, VA: less expensive homes
- Suffolk City, VA: less expensive homes
- Isle of Wight County, VA: less expensive homes
- Southampton County, VA: less expensive homes
- Sussex County, VA: less expensive homes
- Greensville County, VA: less expensive homes
- Brunswick County, VA: less expensive homes
- Lunenburg County, VA: less expensive homes
Counties with Similar Populations
- Anoka County, MN: less expensive homes
- Mercer County, NJ: equally priced homes
- Ramsey County, MN: less expensive homes
- Osceola County, FL: less expensive homes
- Orleans Parish, LA: less expensive homes
- Onondaga County, NY: less expensive homes
- Morris County, NJ: higher priced homes
- Montgomery County, OH: less expensive homes
- Monterey County, CA: higher priced homes
- Mobile County, AL: less expensive homes
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