There are currently 147,712 real estate properties in VIRGINIA BEACH, VA, with a median automated valuation model (AVM) price of $391,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in VIRGINIA BEACH, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in VIRGINIA BEACH, VA, is $492,545.00, with the most expensive house in VIRGINIA BEACH, VA, topping out at $89,950,300.00 and the cheapest home in VIRGINIA BEACH, VA, clocking in at $51,000.00. In other words, there’s something for every potential homebuyer or savvy investor in VIRGINIA BEACH, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in VIRGINIA BEACH, VA, is on a rollercoaster ride. The average rent price in VIRGINIA BEACH, VA, is $2,015.00. Indeed, when looking to rent in VIRGINIA BEACH, VA, you can expect to pay as little as $610.00 or as much as $7,010.00, with the average rent median estimated to be $1,910.00. The good news is that finding an affordable and desirable property to rent in VIRGINIA BEACH, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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