Foreclosure Homes in Virginia Beach, VA 23451

Current Market Conditions in Virginia Beach, VA

The Virginia Beach real estate market has shown resilience over recent months, driven by persistent buyer interest and limited inventory. Home prices have increased moderately, leading to a competitive environment for prospective homebuyers. However, the market remains accessible, with several entry-level options available.

Current trends indicate a growing interest in suburban living as more individuals and families seek spacious homes with outdoor areas. This shift has led to increased sales in the residential housing sector, particularly for single-family homes, while condos and townhouses also continue to attract first-time buyers.

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.