Property Prices in Virginia Beach, VA, United States

Index Info
Price to Income Ratio: 5.40
Mortgage as Percentage of Income: 37.89%
Loan Affordability Index: 2.64
Price to Rent Ratio - City Centre: 29.81
Price to Rent Ratio - Outside of Centre: 8.69
Gross Rental Yield (City Centre): 3.35%
Gross Rental Yield (Outside of Centre): 11.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,145.98 $ 989.80-1,600.00
Apartment (1 bedroom) Outside of Centre 1,016.84 $ 950.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,895.78 $ 1,650.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,644.55 $ 1,447.50-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 667.25 $ 253.00-1,350.19
Price per Square Feet to Buy Apartment Outside of Centre 170.97 $ 146.22-180.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,178.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.59 2.56-4.25

These data are based on 115 entries in the past 18 months from 26 different contributors.
Last update: July 2021

Sources and References
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