Foreclosure Homes in Virginia Beach, VA 23461

Current Market Conditions in Virginia Beach, VA

The real estate market in Virginia Beach has shown steady growth, with a balanced inventory that caters to both buyers and sellers. Recent trends indicate an increasing demand for single-family homes, particularly in family-friendly neighborhoods and near the beach. Investor interest is also rising, as rental properties continue to yield solid returns.

Additionally, the city has seen a surge in new construction, with developers focusing on both residential and commercial projects. This development trend, coupled with a growing population and strong job market, suggests that Virginia Beach remains an attractive area for real estate investment.

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.