Property Prices in Virginia Beach, VA, United States

Index Info
Price to Income Ratio: 2.87
Mortgage as Percentage of Income: 23.58%
Loan Affordability Index: 4.24
Price to Rent Ratio - City Centre: 6.91
Price to Rent Ratio - Outside of Centre: 6.77
Gross Rental Yield (City Centre): 14.48%
Gross Rental Yield (Outside of Centre): 14.77%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,712.50 $ 1,400.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,440.62 $ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,490.00 $ 2,750.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,415.83 $ 1,995.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 254.00 $ 167.00-320.00
Price per Square Feet to Buy Apartment Outside of Centre 191.67 $ 155.00-220.00
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 5.44 5.43-5.50

These data are based on 59 entries in the past 18 months from 11 different contributors.
Last update: May 2023

Sources and References
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