Virginia Beach, VA housing market
The typical Virginia Beach home is worth about $428,000, up 3.3% in a year, close to the Virginia typical home. Homes typically sell in 23 days, close to asking.
Home values, sales, trends and how Virginia Beach compares with the towns next door — updated as new data is published.
Virginia Beach at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Virginia Beach | Virginia |
|---|---|---|
| 2017 | $267,000 | $253,000 |
| 2018 | $273,000 | $263,000 |
| 2019 | $281,000 | $271,000 |
| 2020 | $293,000 | $284,000 |
| 2021 | $320,000 | $311,000 |
| 2022 | $353,000 | $345,000 |
| 2023 | $372,000 | $367,000 |
| 2024 | $395,000 | $386,000 |
| 2025 | $412,000 | $405,000 |
| 2026 | $421,000 | $411,000 |
| August 2026 | $428,000 | $415,000 |
436 new homes permitted in 2025
Builders were permitted 436 new homes in Virginia Beach in 2025: 266 single-family houses and 170 in buildings with two or more homes, worth about $113 million to build. That's 1 per 1,000 residents, slower than across Virginia (4). Over the past 10 years, Virginia Beach has permitted 9,477 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Virginia Beach gained 21,476 residents while 12,823 new homes were permitted: about 1.7 new residents per new home. Building and growth moved roughly in step. Across Virginia: 2.2 new residents per new home.
How Virginia Beach ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 533 | 130 | 403 | $113.1 million |
| 2025 | 436 | 266 | 170 | $113 million |
| 2024 | 666 | 319 | 347 | $142.4 million |
| 2023 | 542 | 201 | 341 | $106.9 million |
| 2022 | 1,197 | 231 | 966 | $157.2 million |
| 2021 | 463 | 335 | 128 | $137.5 million |
| 2020 | 938 | 493 | 445 | $147.9 million |
| 2019 | 1,350 | 667 | 683 | $153.8 million |
| 2018 | 779 | 534 | 245 | $119 million |
| 2017 | 1,523 | 646 | 877 | $198.5 million |
| 2016 | 1,583 | 768 | 815 | $219.5 million |
| 2015 | 1,493 | 696 | 797 | $175.9 million |
| 2014 | 1,208 | 688 | 520 | $158.8 million |
| 2013 | 1,662 | 733 | 929 | $186.3 million |
| 2012 | 1,117 | 594 | 523 | $135.3 million |
| 2011 | 1,479 | 535 | 944 | $153.3 million |
| 2010 | 629 | 529 | 100 | $106.5 million |
| 2009 | 1,229 | 503 | 726 | $120.1 million |
| 2008 | 767 | 501 | 266 | $116.1 million |
| 2007 | 1,096 | 821 | 275 | $203.1 million |
| 2006 | 1,587 | 681 | 906 | $186.9 million |
| 2005 | 2,103 | 894 | 1,209 | $217.9 million |
| 2004 | 2,218 | 971 | 1,247 | $208.7 million |
| 2003 | 1,941 | 1,758 | 183 | $238.9 million |
| 2002 | 2,336 | 1,896 | 440 | $266.5 million |
| 2001 | 1,839 | 1,636 | 203 | $220.9 million |
| 2000 | 1,464 | 1,312 | 152 | $181.6 million |
How Virginia Beach ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Virginia Beach and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Virginia Beach | $428K | +3.3% | $2,060 | 436 | $92,968 |
| Norfolk | $312K | +1.3% | $1,690 | 156 | $66,109 |
| Chesapeake | $425K | +3.6% | $2,140 | 846 | $95,373 |
4.6 years of income
The typical Virginia Beach home costs about 4.6 years of the town's median household income, about the same as across Virginia (4.5).
How Virginia Beach ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,060
HUD's Fair Market Rent for a two-bedroom in Virginia Beach is $2,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Virginia Beach pay a median of $1,714, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,800 · 4 bedrooms $3,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23451, 23452, 23453, 23454, 23455, 23456 and 4 more; Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Virginia Beach
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.