There are currently 148,221 real estate properties in Virginia Beach, VA, with a median automated valuation model (AVM) price of $362,597.00. 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 $456,155.00, with the most expensive house in Virginia Beach, VA, topping out at $11,949,500.00 and the cheapest home in Virginia Beach, VA, clocking in at $16,800.00. 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 $640.00 or as much as $7,310.00, 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.
Virginia Beach is located in Virginia Beach, Virginia, with an estimated municipal population of 449,974 residents. All of the best foreclosed homes for sale in Virginia Beach are located in the following zip code areas on Foreclosure.com: 23459 23451 23453 23452 23455 23457 23456 23454 23460 23461 23462 23464 23450 23458 23463 23465 23466 23467 23471 23479. The estimated population per square kilometer (.62 miles) in Virginia Beach is 709.
So, about how much do homes cost in Virginia Beach? The most recent median value of resident-owned homes in Virginia Beach is 281,049. An estimated 63.7 percent of households in Virginia Beach own their homes, with an average family size of 3.08. The median household income in Virginia Beach is 76,610, with35.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Virginia Beach, the median commute time of resident workers (in minutes) is 23.6. And last, but certainly not least, are you looking for homes to rent in Virginia Beach? If so, the average rent price paid by renters in Virginia Beach is 1,367, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Virginia Beach, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Virginia Beach is 36.2, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Virginia Beach is 51.1, with an average family size of 3.08.
The percentage of residents who report their race in Virginia Beach is as follows:
| White | 66.3% |
| Black / African American | 19% |
| Asian | 6.7% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 5.6% |
| Other | 2.1% |
Looking for family-friendly neighborhoods in and/or near Virginia Beach? Or maybe you are searching for 55+ active adult communities in and/or near Virginia Beach?
The percentage of residents who report their age in Virginia Beach is as follows:
| Under 10 | 12.4% |
| Aged 10-19 | 12.1% |
| 20s | 15.8% |
| 30s | 14.9% |
| 40s | 12.4% |
| 50s | 12.9% |
| 60s | 10.5% |
| 70s | 5.7% |
| 80+ | 3.2% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Virginia Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Virginia Beach.
How do you know that living in -- or moving to -- Virginia Beach is right where you need to be? Perhaps you grew up in Virginia Beach or already live nearby; therefore, the decision to buy a home in Virginia Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Virginia Beach for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Virginia Beach:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Virginia Beach.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Virginia Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Virginia Beach, meanwhile, can field multiple offers from more qualified buyers.
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