Mortgage Rates in Virginia Beach, Virginia — March 2026
Updated March 2026 | Based on Virginia Beach market data and regional lending conditions
Virginia Beach is a mid-sized city in Virginia with a population of 459,470. The current 30-year fixed mortgage rate in Virginia Beach is 6.67%, which is 0.02% above the national average. With a median home price of $325,000 and a 20% down payment of $65,000, homebuyers can expect a monthly principal and interest payment of approximately $1,673.
Current Mortgage Rates in Virginia Beach, VA
Below are the current average mortgage rates available in the Virginia Beach area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Virginia Beach Housing Market Overview
The Virginia Beach housing market reflects moderate demand with prices near the national average. The median household income in Virginia Beach is $76,610, and the cost of living index is 98.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $81,000 to comfortably afford the median-priced home in Virginia Beach, which exceeds the current median household income.
Monthly Payment Breakdown for Virginia Beach
Based on the median home price of $325,000 with 20% down ($65,000), here is what you can expect to pay monthly in Virginia Beach:
15-Year vs. 30-Year Mortgage in Virginia Beach
Choosing a 15-year mortgage in Virginia Beach at 5.91% instead of a 30-year at 6.67% would save you $209,700 in total interest over the life of the loan. However, your monthly payment would be $2,181 instead of $1,673 — an increase of $508 per month.
Calculate Your Virginia Beach Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Virginia Beach
What are the current mortgage rates in Virginia Beach, VA?
As of March 2026, the average 30-year fixed mortgage rate in Virginia Beach, Virginia is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Virginia Beach?
Based on the median home price of $325,000 with 20% down, the estimated monthly mortgage payment in Virginia Beach is $1,673 for principal and interest. Including property taxes of $217/month, the total monthly housing cost is approximately $1,890.
What income do I need to buy a home in Virginia Beach?
Using the 28% rule, you would need an annual income of approximately $81,000 to afford the median-priced home in Virginia Beach at $325,000. The median household income in Virginia Beach is $76,610. This means most households would need to either earn above the median or consider homes below $325,000.
Is Virginia Beach a good place to buy a home in 2026?
Virginia Beach offers a below-average cost of living with a cost of living index of 98.5 (national average = 100). The property tax rate in Virginia is 0.8%, which is below the national average. Virginia Beach has a population of 459,470 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Virginia Beach, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.