Mortgage payment estimates, closing cost breakdowns, and homebuying data for Virginia Beach, Virginia.
Pre-filled with Virginia Beach median home price and Virginia tax/insurance rates. Adjust for your property.
Estimated closing costs based on Virginia rates and fees applied to Virginia Beach prices.
The median home price in Virginia Beach is $365,000, 9% below the Virginia state median of $400,000. With a population of 459,470, Virginia Beach is a mid-size city where home prices tend to be more accessible than in many parts of Virginia.
Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $365,000 home in Virginia Beach would carry roughly $249/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Virginia Beach is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Virginia Beach presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.