Virginia Beach city, Virginia Housing Market
In Virginia Beach city, Virginia, the median home value is $382,500, with a median monthly rent of $1,714. This places Virginia Beach city at #334 nationally out of 3134 counties by median home value, and #29 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,135
- Establishments: 14,020
- BLS QCEW, 2025
Housing Supply
- Single-family: 266
- Multi-family: 170
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 189,503 (avg $99,175)
- Outflow: 182,328 (avg $100,634)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Virginia Beach city · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23455 | 310.7 | +6.00% | 2025 |
| 2 | 23452 | 318.1 | +6.67% | 2025 |
| 3 | 23456 | 337.4 | +7.12% | 2025 |
| 4 | 23451 | 333.8 | +1.99% | 2025 |
| 5 | 23457 | 282.1 | +2.65% | 2025 |
| 6 | 23464 | 319.7 | +3.30% | 2025 |
| 7 | 23453 | 327.7 | +6.41% | 2025 |
| 8 | 23454 | 323.7 | +3.72% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Virginia Beach city on Our Sister Sites
Get the complete picture for Virginia Beach city — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Virginia Beach city Compares
| Metric | Virginia Beach city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $382,500 | $295,807 | $227,706 |
| Median Gross Rent | $1,714 | $1,169 | $968 |
| Owner Occupancy Rate | 65.1% | 70.8% | 73.3% |
| Price/Rent Ratio | 18.6 | 20.3 | 18.7 |
Market Analysis
The median home value in Virginia Beach city is 29.3% above the Virginia state average and 68.0% above the U.S. national average. The median rent of $1,714/month is 46.6% above the state average.
With a price-to-rent ratio of 18.6, the buy-vs-rent decision in Virginia Beach city is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Virginia Beach city has an owner-occupancy rate of 65.1%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sussex County | Delaware | $382,600 | $1,238 |
| Rutherford County | Tennessee | $382,600 | $1,502 |
| Nassau County | Florida | $382,800 | $1,526 |
| Taos County | New Mexico | $382,800 | $1,034 |
| Custer County | Idaho | $381,700 | $691 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Frederick County | $386,000 | $1,507 | 79.3% |
| Chesapeake city | $378,400 | $1,586 | 74.4% |
| New Kent County | $393,600 | $1,721 | 92.6% |
| Madison County | $370,300 | $1,166 | 77.8% |
| Manassas Park city | $395,900 | $2,146 | 66.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).