Property Prices in Virginia Beach, VA, United States

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Index Info
Price to Income Ratio: 2.80
Mortgage as Percentage of Income: 25.17%
Loan Affordability Index: 3.97
Price to Rent Ratio - City Centre: 6.48
Price to Rent Ratio - Outside of Centre: 7.15
Gross Rental Yield (City Centre): 15.43%
Gross Rental Yield (Outside of Centre): 13.98%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,775.88 $ 1,200.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,464.88 $ 1,000.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,232.71 $ 2,800.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,633.33 $ 2,300.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 234.50 $ 202.99-350.00
Price per Square Feet to Buy Apartment Outside of Centre 212.25 $ 202.99-315.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,298.22 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.58 6.19-6.80

These data are based on 98 entries from 27 contributors over the past 18 months.
Last update: April 2025

Sources and References
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