Virginia Beach Housing Market: Home Prices & Rent
Virginia Beach home values since 2000
Last few years
Rent in Virginia Beach
Owning vs renting, monthly
Buying the typical Virginia Beach home with 20% down at this week's 7.32% 30-year rate costs about $2,504/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,886/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- You now need over $100k a year to afford a typical home in Virginia Beach
Virginia Beach vs Virginia vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $371k | +2.9% | $1,886/mo |
| Virginia | $412k | +2.1% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Virginia Beach?
No - the typical Virginia Beach-area home value is up 2.9% over the past 12 months, at $371k (September 2026).
Is the Virginia Beach housing market crashing?
Home values are close to their 2020s high and up 2.9% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Virginia Beach?
Typical rent in the Virginia Beach metro is $1,886 a month (September 2026), +7.1% over 12 months.
How much income do you need to buy a home in Virginia Beach?
About $103k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Washington, VA · Richmond, VA · Springfield, MA · Albany, NY · Atlanta, GA · Allentown, PA
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Virginia Beach, VA metro area. How we calculate.