Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Virginia Beach area can be challenging. Home prices in Virginia Beach are now at a median cost of $275,349, lower than the Virginia average of $323,261.
The average cost of rent is $1,467/mo in Virginia Beach, primarily driven by the current value of real estate in the Virginia Beach area. While nearly 29.08% of residents own their homes outright in Virginia Beach, 38.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Virginia Beach is $6,435 per month. Households that rent pay about 22.80% of their income on rent here. Virginia Beach's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Norfolk, VA: less expensive homes
- Chesapeake, VA: equally priced homes
- Portsmouth, VA: less expensive homes
- Suffolk, VA: equally priced homes
- Carrollton, VA: higher priced homes
- Longview, VA: equally priced homes
- Everets, VA: equally priced homes
- Smithfield, VA: higher priced homes
- Isle of Wight, VA: equally priced homes
- Orbit, VA: less expensive homes
Cities with Similar Populations
- Walton, IN: less expensive homes
- Waldorf, MD: higher priced homes
- Waverly, WI: less expensive homes
- Waverly Woods, IN: less expensive homes
- Wellpinit, WA: less expensive homes
- Washington, NH: less expensive homes
- Walden, TN: higher priced homes
- Waltham, MA: higher priced homes
- Wellington, MO: less expensive homes
- Washington, KS: less expensive homes
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