Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$424,664+3.1% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$92,058About 1.0× the local median income ($93,989): affordable for a typical household
Days on market40 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Virginia Beach City, VA is worth $424,664, up 3.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $412,207, so the area is 3.0% overvalued. It is a buyer's market: homes take about 40 days to sell, listings are up 34% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $92,058 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,989. Typical rent is $2,098 a month, or $2,564 for a house. In the latest IRS figures, 2,246 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$424,664
Change in 1 year
+3.1%
Overvalued %
+3.0%
Show 7 more
Fair home value
$412,207
Change in 5 years
+24.6%
Zillow forecast, next 12 months
+2.3%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$2,301
Income needed to afford it
$92,058
Property tax rate
0.80%
Rent and investing
Typical rent
$2,098
Typical rent for houses
$2,564
Price-to-rent ratio
16.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,667
Gross rental yield
5.93%
Cap rate (estimate)
3.85%
Market activity
Listings vs a year ago
+34.0%
Days on market
40
Listings with a price cut
24.5%
Show 3 more
Homes for sale
1,142
Pending sales per 100 listings
1
Asking price per sq ft
$256
People and jobs
Median household income
$93,989
Population change (1 year)
−0.0%
Unemployment rate
4.0%
Show 4 more
Population
453,737
Income adjusted for cost of living
$96,005
Net moves in (IRS)
−2,246
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
7.8
FEMA hazard risk score (0 to 100)
57.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
67.4
Wildfire risk score
55.8
Walkability (1 to 20)
10.7
Road, rail and air noise
54 dB
Questions people ask
Is Virginia Beach City, VA overvalued?
Home prices in Virginia Beach City, VA are slightly above what local incomes have historically supported: fair value is about $412,207, so the area is 3.0% overvalued.
Is Virginia Beach City, VA a buyer's or seller's market?
Virginia Beach City, VA is a buyer's market: homes take about 40 days to sell, listings are up 34% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Virginia Beach City, VA?
Home values in Virginia Beach City, VA are up 3.1% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Virginia Beach City, VA?
A household needs about $92,058 a year to afford the typical home in Virginia Beach City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,989.