Virginia Beach (city) County
Virginia · Pop. 459,470
Ranked #70 of 200 counties
48Moderate
Median Home Price
🏠$320K
3.0% YoY
Median Rent
🔑$1,500
Median Income
💰$72K
Rent Burden
📊28.5%
% of income to rent
Housing Shortage
🏗️6,000
estimated unit deficit
Building Permits (2024)
📋3,200
Price-to-Income Ratio
⚖️4.4x
Homeownership Rate
🏡62.0%
How Virginia Beach (city) County Compares
| Metric | Virginia Beach (city) County | Virginia | National |
|---|---|---|---|
| Home Price | $320K | $383K | $410K |
| Rent | $1,500 | $1,567 | $1,500 |
| Income | $72K | $90K | $75K |
| Rent Burden | 28.5% | 31.0% | 30.0% |
| Homeownership | 62.0% | 68.0% | 65.0% |
Key Takeaways
- • Home prices are 22% below the national average.
- • Rent is about average the national average.
- • The county has an estimated housing shortage of 6,000 units.
- • 3,200 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.0%.