Home Values in Virginia Beach, Virginia — 2026 Market Report
Updated March 2026 | Balanced Market | +3.5% YoY
The median home value in Virginia Beach, Virginia is $325,000 as of March 2026, which is below the national median of $400,000. Home values in Virginia Beach have increased by 3.5% over the past year and 18.8% over the last five years. With a population of 459,470 and a median household income of $76,610, the price-to-income ratio stands at 4.2x, making Virginia Beach affordable for the average household.
Virginia Beach Housing Market Conditions
| Metric | Virginia Beach | National Avg |
|---|---|---|
| Median Home Value | $325,000 | $400,000 |
| YoY Appreciation | +3.5% | +3.8% |
| 5-Year Appreciation | +18.8% | +22.4% |
| Price per Sq Ft | $129 | $222 |
| Days on Market | 45 days | 45 days |
| Months of Supply | 3.3 | 3.5 |
| List-to-Sale Ratio | 97.7% | 98.5% |
| Monthly Homes Sold | 455 | — |
| Foreclosure Rate | 0.42% | 0.3% |
Home Value Trends in Virginia Beach
A homeowner who purchased at the median price of $273,569 five years ago in Virginia Beach would have gained approximately $51,431 in equity, representing a 18.8% return on investment. Over the past year alone, the typical homeowner gained $10,990 in home equity.
Affordability in Virginia Beach, VA
With a median household income of $76,610 and a median home price of $325,000, the price-to-income ratio in Virginia Beach is 4.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,098 compared to estimated monthly ownership costs of $1,760 gives a rent-vs-buy ratio of 0.84. In Virginia Beach, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Virginia Beach
The effective property tax rate in Virginia is 0.8%. On a home valued at $325,000, the estimated annual property tax bill is $2,600, or approximately $217/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Virginia Beach is 98.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in Virginia Beach
Use our free calculator to estimate monthly payments for a $325,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Virginia Beach, VA?
The median home value in Virginia Beach, Virginia is $325,000 as of March 2026. Home values have changed +3.5% over the past year, with a 5-year appreciation of 18.8%.
Is Virginia Beach a buyer's or seller's market?
Virginia Beach is currently a balanced market with 3.3 months of housing supply. Homes spend an average of 45 days on market, and the list-to-sale price ratio is 97.7%. Supply and demand are relatively balanced.
Are home values going up in Virginia Beach?
Yes, home values in Virginia Beach have increased by 3.5% over the past year. The 5-year appreciation rate is 18.8%, meaning a home worth $273,569 five years ago is now worth $325,000.
Is it better to rent or buy in Virginia Beach?
The average monthly rent in Virginia Beach is $2,098, while estimated monthly homeownership costs are approximately $1,760. The price-to-rent ratio is 12.9. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Virginia Cities
Related Resources
Disclaimer: Home value data for Virginia Beach, Virginia is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.