Virginia Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$244,100

  • 0.6% 1-year change
  • -0.9% 1-year forecast

The median home value in Virginia Beach is $244,100. Virginia Beach home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.9% within the next year. The median rent price in Virginia Beach is $1,425, which is higher than the Virginia Beach Metro median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In Virginia Beach 4.8 homes are foreclosed (per 10,000). This is greater than the Virginia Beach Metro value of 1.4 and also greater than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Virginia Beach is 3.4%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Virginia Beach homeowners underwater on their mortgage is 21.8%, which is lower than Virginia Beach Metro at 25.0%.

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Relative ZHVI
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Virginia Beach Market Overview

Data through Jul 31, 2015
  • $244,100 ZHVI
  • -0.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $254,475 Median sale price
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Virginia Beach Market Health

Data through Jul 31, 2015
  • 1.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 21.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5 Virginia Beach
1 Virginia Beach Metro
4 United States
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Neighborhoods in Virginia Beach

Name Median ZHVI
Princess Anne $289,000
Acredale $264,400
Salem $232,500
Name Median ZHVI
Seatack $229,300
Thalia $205,900
Macons Corner $198,800
Name Median ZHVI
Green Run $189,800
Princess Anne Plaza $187,100
Oceana $174,000

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $147 Median sale price / sq ft
  • No data Listings with price cut
15.9%
Sold below previous sale price
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Virginia Beach Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,555 Virginia Beach
    $1,424 Virginia Beach Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,425 Rent list price
  • $0.95 Rent list price / sq ft
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