The story of this market
The typical home in Virginia Beach (city), Virginia sells for about $430,000, or $251 per square foot.
Prices are up +6.8% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. Over the long run, values in this county have grown 194% since 2000. Last year 69 of 96 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,667 a month.
HUD sets the fair market rent for a 2-bedroom at $1,667 a month. FEMA's National Risk Index rates overall hazard risk here as Very Low.
Price climate
Every year of price change, 2000–2025
+1.3%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+28%). Worst: 2009 (-5.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,298
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1.3%
2025 change
FHFA repeat-sales index, median of 96 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
1
Very Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $30,603,904.
Virginia Beach (city), Virginia
The Virginia Beach housing market remains competitive, characterized by low inventory and steady price appreciation. While demand remains strong, the high share of price cuts suggests buyers are becoming more selective in a high-interest-rate environment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 1 city · 16 ZIP reports
Median prices moved down 4.3% year over year.
Homes spend a median of 24 days on market with 0.6 months of supply — a fast-moving market.
4% of listings have cut prices · homes sell at 20.26% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 7.8% — a stable, low-distress profile.
Deterministic aggregate of 16 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Virginia Beach (city), Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 19, 2026.
researched Sep 28
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
| 23451 | Virginia Beach | $550,000 | $334 | +4.2% | 25 | 98.5% | 18.5% | 3.2 | 288 | $1,779 | researched Sep 28 |
| 23452 | Virginia Beach | $416,560 | $242 | +8.6% | 44 | 99.2% | 28% | 3.6 | 152 | $1,659 | researched Sep 29 |
| 23453 | Virginia Beach | $350,000 | $227 | -7.3% | 23 | — | — | — | 46 | $1,774 | researched Sep 29 |
| 23454 | Virginia Beach | $650,000 | $280 | +4.2% | 24 | 98.5% | 18% | 3.2 | 137 | $1,651 | researched Sep 29 |
| 23455 | Virginia Beach | $470,000 | $239 | +19% | 24 | 96% | 19% | 3 | 77 | $1,664 | researched Sep 29 |
| 23456 | Virginia Beach | $567,000 | $255 | +6.5% | 22 | 99.2% | 18% | 2.8 | 264 | $2,057 | researched Sep 29 |
| 23457 | Virginia Beach | $405,000 | $215 | +7.7% | 28 | 98.5% | 18% | 3.4 | 142 | $1,110 | researched Sep 29 |
| 23459 | Virginia Beach | — | — | — | — | — | — | — | — | — | researched Sep 29 |
| 23460 | Virginia Beach | $405,000 | $213 | +5.2% | 32 | 98.5% | 22% | 3.5 | 1,387 | $2,300 | researched Sep 29 |
| 23461 | Virginia Beach | $439,100 | $224 | +5.8% | 37 | 100% | 19% | 1.7 | 5,234 | $2,300 | researched Sep 29 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Virginia Beach generally reports lower crime rates compared to other large cities in the Hampton Roads region, with ongoing efforts by local law enforcement to maintain public safety in tourist and residential areas.
The Virginia Beach City Public Schools district is highly regarded, consistently ranking among the top-performing large school divisions in Virginia with a strong emphasis on academic achievement and specialized programs.
The city faces significant flood and wind risks due to its coastal location, necessitating strict adherence to building codes and comprehensive flood insurance coverage for many properties.
Economic momentum is driven by a robust military presence, tourism, and a growing technology and healthcare sector, supported by ongoing infrastructure investments in the Oceanfront and Town Center areas.
The city levies a real estate tax based on the assessed fair market value of property, with rates set annually by the City Council; special service districts may apply in specific commercial or resort areas.
The city offers an extensive amenity base including the world-famous Virginia Beach Oceanfront, First Landing State Park, numerous golf courses, and a vibrant network of trails and public parks.
The rental market is characterized by high demand and low vacancy rates, driven by the city's large military population and appeal to young professionals, with rents trending upward.
The economy is anchored by the Department of Defense, tourism, and a diverse mix of retail, healthcare, and professional services.
The city is served by a network of major highways including I-264 and I-64, with public transit provided by Hampton Roads Transit.
Ongoing redevelopment efforts are focused on the Town Center and the resort area to increase density and mixed-use capacity.
The City of Virginia Beach Department of Real Estate Assessor performs annual assessments of all real property to ensure fair market value taxation.
The city is served by various special districts including the Virginia Beach Community Development Authority and several flood control and utility service areas.
Property insurance premiums are influenced by the city's coastal exposure, with many residents required to carry flood insurance through the NFIP or private carriers.
- Apex Entertainment Virginia Beach4.58.7 mi
- Dave & Buster's4.15.6 mi
- Hunt Club Farm4.65.9 mi
- Sky Zone Trampoline Park4.214.5 mi
- Hampton Virginia Aquaplex4.125.9 mi
- Virginia Aquarium & Marine Science Center4.42.1 mi
- Virginia Beach Convention Center4.50.6 mi
- Hampton Coliseum4.425.6 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.48.9 mi
- Topgolf Virginia Beach4.410.8 mi
- Virginia Aquarium & Marine Science Center4.42.1 mi
- Virginia Zoo4.516.6 mi
- First Landing State Park4.74.5 mi
- Norfolk Botanical Garden4.812.7 mi
- Mount Trashmore Park4.78.2 mi
- Virginia Aquarium & Marine Science Center4.42.1 mi
- Chrysler Museum of Art4.817.4 mi
- Nauticus4.717.5 mi
- Cape Henry Lighthouse4.45.4 mi
- USS Wisconsin BB-644.817.5 mi
- First Landing State Park4.74.5 mi
- Norfolk Botanical Garden4.812.7 mi
- Mount Trashmore Park4.78.2 mi
- Virginia Beach Oceanfront Boardwalk4.70.5 mi
- Oak Grove Park4.716.8 mi
- VIG Portsmouth3.421 mi
- Cavalier Golf & Yacht Club4.71.9 mi
- Hampton Yacht Club4.623.3 mi
- Tidewater Yacht Marina4.717.6 mi
- Salt Ponds Marina Resort4.322 mi
- Topgolf Virginia Beach4.410.8 mi
- Virginia Beach National Golf Club4.58.3 mi
- Greenbrier Country Club4.514.3 mi
- Sewells Point Golf Course4.317.7 mi
- Cavalier Golf & Yacht Club4.71.9 mi
- Lynnhaven Mall4.45.6 mi
- Norfolk Premium Outlets4.412.3 mi
- Greenbrier Mall4.114.6 mi
- Grand Mart4.410.8 mi
- Navy Exchange Main4.519.3 mi
- Norfolk International Airport4.312.5 mi
- Naval Air Station Oceana4.33.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A world-renowned resort area featuring a three-mile boardwalk, public beaches, and year-round entertainment.
The most visited state park in Virginia, offering hiking trails, camping, and access to the Chesapeake Bay.
A major mixed-use urban district serving as the city's central business and entertainment hub.
Data retrieved from data.census.gov
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.