Foreclosure Homes in Virginia Beach, VA

Buyer vs Seller Market in Virginia Beach, VA

The real estate market in Virginia Beach is currently experiencing noticeable growth, particularly in the single-family home sector. Home prices have been rising steadily due to increased demand and limited inventory, making it a competitive market for buyers. Nevertheless, the area remains attractive due to its desirable lifestyle and location near the beach.

Rental properties are also in high demand as the influx of tourists and a growing workforce contribute to a robust rental market. Investors are actively seeking properties in this area, especially those near the oceanfront or with family-friendly features.

Rent Prices In Virginia Beach, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Virginia Beach, VA, is on a rollercoaster ride. The average rent price in Virginia Beach, VA, is $2,015.00. Indeed, when looking to rent in Virginia Beach, VA, you can expect to pay as little as $640.00 or as much as $7,310.00, with the average rent median estimated to be $1,910.00. The good news is that finding an affordable and desirable property to rent in Virginia Beach, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.