Affordable
Expensive
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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 $414,489, lower than the Virginia average of $443,089.
The average cost of rent is $1,902/mo in Virginia Beach City, primarily driven by the current value of real estate in the Virginia Beach City area. In Virginia Beach City, 34.85% of households rent, and 26.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Virginia Beach City is $8,487 per month. Households that rent pay about 22.41% of their income on rent here. Virginia Beach City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced 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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