Virginia Beach, VA Real Estate

According to census data in the year 2000 there were 162,277 housing units in Virginia Beach. This represents a 10.4% growth from 147,037 in 1990.

Of those housing units, 159,889 were located in either urbanized areas or urban clusters, and 2,388 were located in what is classified as a rural area.

Homeownership rate in Virginia Beach is about 65.6%. Virginia Beach's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.7 people.

The majority of houses, apartments or condos in Virginia Beach were built after 1980.


Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom7.60%
Two Bedrooms23.70%
Three Bedrooms40.50%
Four Bedrooms22.40%
Five Bedrooms or more4.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1980
Median Value of occupied units$123,200
Median Price asked for vacant units$100,400

Rented Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1980
Median Monthly Rent asked for vacant units$666

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage12.90%
Home Equity Loan9.40%
Simple Mortgage63.10%
Debt Free13.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.4%