Virginia Beach housing market
Typical home value
$371K
▲ 2.9% 1 yr
Typical rent
$1,886/mo
▲ 7.1% 1 yr
12-month forecast
+2.3%
#227 of 546 metros
Gross rent yield
6.1%
#241 of 546 · U.S. 6.3%
Days to pending
48 days
■ 0 days 1 yr
Listings with a price cut
26%
▲ +0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $371,181, up 2.9% in a year and up 26% over five years.
- 2Zillow forecasts home values rising 2.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,886/mo (+7.1% YoY), a 6.1% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,040/mo in principal and interest, $154 more than renting.
- 5Homes go under contract in 48 days (0 days vs last year); 26% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 35/100, #352 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Virginia Beach compares
| Measure | Virginia Beach | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.9% | +1.2% | #220 |
| Home value, 5-yr change | +25.7% | +19.7% | |
| 12-month forecast | +2.3% | +1.1% | #227 |
| Rent, 1-yr change | +7.1% | +2.7% | #47 |
| Gross rent yield | 6.1% | 6.3% | #241 |
| Price-to-rent ratio | 16.4 | 15.8 | |
| Mortgage P&I on typical home | $2,040 | $2,012 | |
| Income needed to buy | $102,931 | $100,902 | |
| Days to pending | 48 | 56 |
Cities in the Virginia Beach metro
9 cities with home value and rent data.
| Virginia Beach | $425K | ▲ 3.1% | $2,098 | ▲ 7.8% | 5.9% |
| Chesapeake | $424K | ▲ 3.6% | $2,063 | ▲ 6.3% | 5.8% |
| Norfolk | $311K | ▲ 1.5% | $1,749 | ▲ 7.0% | 6.8% |
| Newport News | $292K | ▲ 2.9% | $1,593 | ▲ 7.5% | 6.5% |
| Hampton | $279K | ▲ 2.5% | $1,690 | ▲ 7.2% | 7.3% |
| Portsmouth | $267K | ▲ 2.5% | $1,642 | ▲ 5.7% | 7.4% |
| Williamsburg | $469K | ▲ 2.1% | $2,094 | ▲ 5.9% | 5.4% |
| Suffolk | $387K | ▲ 2.8% | $2,028 | ▲ 6.8% | 6.3% |
| Yorktown | $480K | ▲ 2.6% | $2,049 | ▲ 3.6% | 5.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Virginia Beach rental ($371K, $1,886/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Virginia Beach home.
Rent vs buy
Is it cheaper to rent or buy in Virginia Beach?
Other Virginia metros
Washington, DC
$570K home$2,407 rent5.1% yield
▲ 0.2% 1 yr
Richmond, VA
$392K home$1,706 rent5.2% yield
▲ 2.6% 1 yr
Roanoke, VA
$298K home$1,400 rent5.6% yield
▲ 3.2% 1 yr
Lynchburg, VA
$288K home$1,288 rent5.4% yield
▲ 2.9% 1 yr
Charlottesville, VA
$464K home$2,040 rent5.3% yield
▲ 1.3% 1 yr
Blacksburg, VA
$287K home$1,659 rent6.9% yield
▲ 3.3% 1 yr
Winchester, VA
$385K home$1,825 rent5.7% yield
▲ 1.4% 1 yr
Harrisonburg, VA
$350K home$1,691 rent5.8% yield
▲ 2.6% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.