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Virginia Beach market pulse

Real public data for Virginia Beach's ZIP codes, updated as the agencies publish.

Metro prices

Past change, not a forecast.

Data table
Virginia Beach-Chesapeake-Norfolk, VA-NC metro: FHFA house price index, 2016 Q2 to 2026 Q2
QuarterIndexChange since 2016 Q2
2016 Q2233.5—
2016 Q3232.9-0.3%
2016 Q4232.4-0.5%
2017 Q1231.7-0.8%
2017 Q2237.6+1.8%
2017 Q3244.9+4.9%
2017 Q4236.2+1.2%
2018 Q1240.4+3.0%
2018 Q2245.4+5.1%
2018 Q3245.9+5.3%
2018 Q4245.2+5.0%
2019 Q1247.8+6.1%
2019 Q2255.4+9.4%
2019 Q3259.1+11%
2019 Q4256.6+9.9%
2020 Q1266.2+14%
2020 Q2269.9+16%
2020 Q3273.8+17%
2020 Q4284.4+22%
2021 Q1294.6+26%
2021 Q2308.1+32%
2021 Q3319.5+37%
2021 Q4322.7+38%
2022 Q1342.8+47%
2022 Q2355.3+52%
2022 Q3351.0+50%
2022 Q4351.6+51%
2023 Q1354.3+52%
2023 Q2370.6+59%
2023 Q3377.1+61%
2023 Q4372.9+60%
2024 Q1374.4+60%
2024 Q2390.9+67%
2024 Q3393.5+69%
2024 Q4402.7+72%
2025 Q1409.2+75%
2025 Q2418.4+79%
2025 Q3410.5+76%
2025 Q4408.0+75%
2026 Q1408.9+75%
2026 Q2425.9+82%

Each index has its own base, so compare its changes, not its level.

Details

FHFA's purchase-only index for Virginia Beach-Chesapeake-Norfolk, VA-NC: repeat sales of the same houses, from mortgages Fannie Mae and Freddie Mac purchased or securitized. It isn't seasonally adjusted, so each span starts in the quarter it ends.

ZIP by ZIP

One-year ZIP changes are noisy: of last year's top-3 ZIPs in our 50 cities, 1 in 15 was top 3 again. Past change, not a forecast.

Loading the ZIP figures…
About these figures

FHFA's experimental ZIP house price index: houses with Fannie Mae or Freddie Mac loans, from sales and refinance appraisals. Condos, co-ops and multi-unit buildings aren't in it. 9 of Virginia Beach's 12 ZIPs have an index; FHFA publishes one only where enough sales exist. A ZIP whose index stops before the latest year shows the year it ends instead of changes. Each index has its own base, so compare a ZIP's changes, not its level.

Rent or buy here

EstimateMonthly housing payment (est.): 20% down · 30-year fixed at 7.03% (Freddie Mac average) · 360 monthly loan payments of $3,491 · APR not calculated (it depends on the lender's fees) · includes principal and interest, property tax, home insurance and any HOA dues, plus mortgage insurance below 20% down.7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.Source: Freddie Mac Primary Mortgage Market Survey · Sep 24, 2026 (opens in a new tab)$453

a month more to own a typical sample home than HUD's rent for its size, ZIP 23456

Own: 4-bedroom sample house, $654,000Sample: fictional home, for the demo.
EstimateMonthly housing payment (est.): 20% down · 30-year fixed at 7.03% (Freddie Mac average) · 360 monthly loan payments of $3,491 · APR not calculated (it depends on the lender's fees) · includes principal and interest, property tax, home insurance and any HOA dues, plus mortgage insurance below 20% down.7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.Source: Freddie Mac Primary Mortgage Market Survey · Sep 24, 2026 (opens in a new tab)$4,163 a monthNot included: upkeep, utilities, flood insurance, special assessments.
Rent: HUD fair market rent, 4 bedrooms
$3,710 a monthHUD Small Area Fair Market Rent, FY2027: a 40th-percentile rent for a standard home, utilities included. Not an asking rent.
See this sample home

Lending

2025 home-purchase loans (first liens) on owner-occupied 1–4 unit homes in Virginia Beach's census tracts: 4,820 loans. Loans that closed, not offers: a rate depends on your credit, down payment, points and the day you lock it.

Middle half of rates
6.375% to 6.99%
Loan costs at closing
$5,896 medianMiddle half $4,549 to $8,501: origination charges (points included) and settlement services, Closing Disclosure section D · 2,054 loans
Loan limits, 2026
$832,750 conformingAbove it, a jumbo loan with its own rates and rules; FHA limit $757,850 (one-unit home, Virginia Beach city). Limits set by FHFA and HUD.
More lending figures
Borrowed, every loan on the home combined
95% of the value (median)Middle half 80% to 100%. 70.2% of buyers borrowed more than 80% of the value, 58.2% more than 90%, 45.2% more than 95%. HMDA's combined loan-to-value counts every loan on the home (second loans, down-payment-assistance loans, financed FHA or VA fees) against the value the lender used, so it doesn't show the cash buyers put down · 4,446 loans
Loan types
Conventional 43.6% · FHA 13.8%VA 42.6% · USDA 0%
Discount points
55.4% of loans paid pointsMedian paid: $2,672. Points buy a lower rate.

For comparison: 7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.

Flood and insurance

Federal flood insurance
15,389 policies in force · 4,402 claims since 2000FEMA National Flood Insurance Program, summed over 12 ZIPs (policies in force Jun 30, 2026; claims since 2000). Private flood policies aren't counted.
Policies insurers didn't renew
5.2% in the median ZIPU.S. Treasury Federal Insurance Office, 2022.

Most homeowners policies exclude flood, so flood insurance is a separate policy. Source: FEMA FloodSmart: What is my flood risk?, retrieved 2026-10-09 (opens in a new tab) Check an address on FEMA's flood map (opens in a new tab)

County hazard ratings (FEMA)

Natural hazards, compared with other U.S. counties

  • Virginia Beach city, VA: expected yearly losses rated relatively high for hurricane.
    Other ratings for Virginia Beach city, VA
    • EarthquakeRelatively Low
    • WildfireRelatively Low
    • Coastal floodingRelatively Moderate
    • Inland floodingRelatively Low
    • Heat waveRelatively Moderate
    • TornadoRelatively Moderate
    • Winter weatherRelatively Low
    • HailRelatively Low

FEMA National Risk Index December 2025: Expected Annual Loss rating of each hazard, by county (NRI December 2025): expected annual losses to buildings, people and agriculture; FEMA's social-vulnerability adjustments aren't included. This describes each county, not one home. Check an address on FEMA's flood map; in a high-risk flood zone, a federally backed loan requires flood insurance.

What's new in Virginia Beach

Rail openings, zoning changes and big projects from primary sources, newest first. News, not a price forecast.

  1. Zoning change

    Virginia enacts a future statewide ADU entitlement

    SB531 became Chapter 895, but its by-right requirement does not take effect until July 1, 2027. Until then it doesn’t change what a lot allows today.

    Virginia General Assembly, 2026 Chapter 895 (SB531) (opens in a new tab)
  2. Project

    Bow Creek Stormwater Park construction starts

    Construction began to turn the former golf course into stormwater storage and public open space. The phased project is not represented as a completed flood-protection guarantee.

    Virginia Beach Public Works, Bow Creek Stormwater Park (opens in a new tab)

Rules in Virginia

From state law, standard contract forms and local custom. Research, not legal advice.

ClosingRule
A title company runs the closing and holds the money.
Seller's disclosureRule
Virginia Residential Property Disclosure Statement (buyer-beware notice) and required specific disclosures You may cancel within 3 days in some cases: Required statement first delivered after ratification: 3 days after personal/electronic delivery, or 5 days after mail postmark; earlier settlement, occupancy, qualifying lender application or written waiver ends right..
Closing taxesRule
Virginia deed recordation tax: 0.25% of the price · buyer paysVirginia deed-of-trust recordation tax: 0.13–0.25% of the loan, by slice · buyer paysVirginia grantor tax: 0.1% of the price · seller paysVirginia Beach local deed recordation: 0.08333333333333333% of the price · buyer paysVirginia Beach local deed-of-trust recordation: 0.043333333333333335–0.08333333333333333% of the loan, by slice · buyer paysHampton Roads regional transportation improvement fee: 0.06% of the price above $100 · seller pays
How buying works in Virginia
Who runs the closing
A title company runs the closing and holds the money. Typical time from contract to keys: about 30 days.
The contract
Your signed offer becomes a binding contract once the seller accepts it.
Details

REIN Standard Purchase Agreement for Virginia Beach; VAR/NVAR regional forms elsewhere

Buyer agreement
Virginia written buyer brokerage agreement, signed before touring.
Details

Homiy's prototype requires a written agreement before a represented tour. NAR's rule binds participating MLS brokers; do not describe it as a universal state law. Compensation is negotiable and total brokerage pay cannot exceed the agreement.

Source: NAR: written buyer agreements before touring (MLS participation rule, not a universal state statute) (reviewed 2026-09-27)

Inspection
About 10 days for inspections.
Details

Virginia Beach uses the chosen REIN/other local form, not an assumed Northern Virginia form. 10 calendar days is a negotiable sample planning period, not a statutory deadline.

Earnest money
1–3% of the price, due within 3 days, held by: Registered settlement agent or named broker escrow.
Details

Sample only: delivery within 3 calendar days and 1–3% earnest money; the signed contract controls. Buyer delivery is distinct from the holder's statutory deposit deadline.

Seller's disclosure
Virginia Residential Property Disclosure Statement (buyer-beware notice) and required specific disclosures You may cancel within 3 days in some cases: Required statement first delivered after ratification: 3 days after personal/electronic delivery, or 5 days after mail postmark; earlier settlement, occupancy, qualifying lender application or written waiver ends right..
Details

General notice largely disclaims representations and urges buyer diligence; it does not erase specific statutory disclosures or fraud duties. Use the actual delivery method, not business days.

Source: Virginia Code §55.1-709: late disclosure termination (reviewed 2026-09-27)

Loan and appraisal
Loan contingency: 21 days (set in the contract).
Details

21-day financing period and the typical closing time are sample planning assumptions, not measured averages or legal rights. Financing and appraisal protection require the signed form/addenda; an appraisal shortfall is not automatically protected.

Title insurance
The buyer customarily pays for the owner's policy.
Details

Payer is a negotiable local custom, not a mandatory charge; obtain a title quote and follow the signed allocation. Filed insurer/rating-bureau rates are not a state-promulgated price.

Property tax for a new owner
Your property tax follows the county's assessed market value. About 0.97% of the price a year is our planning figure for Virginia Beach; your bill can differ.
Details

Use the assessor's current taxable value, assessment ratio and parcel tax district. Price is only a planning proxy; exemptions, revaluations, credits and special assessments are not inherited automatically.

City general rate$0.97/$100 at100% fair-market assessment, FY2027 assessor page. Special service districts can be higher; no homestead exemption assumed. This independent city is its own FHFA county-equivalent51810. HOA range and lender-title percentage are SAMPLE inputs.

Agent credits to the buyer
Virginia allows an agent to credit part of their pay to the buyer, with the lender's approval.
Details

18VAC135-20-280 bars pay for unlicensed services, not a principal's disclosed price/commission concession. Interpretation limited to parties doing no brokerage work; obtain lender and broker approval.

Source: Virginia 18VAC135-20-280: compensation for licensed services (reviewed 2026-09-27)

Closing taxes

Closing taxes in Virginia Beach, who customarily pays and the rate
TaxCustomarily paid byRate
Virginia deed recordation taxOnly for: house, townhouse, condoBuyer0.25% of the priceVirginia Code §58.1-801: deed recordation
Virginia deed-of-trust recordation taxOnly for: house, townhouse, condoBuyer0.13–0.25% of the loan, by sliceVirginia Code §58.1-803: deed-of-trust recordation
Virginia grantor taxOnly for: house, townhouse, condoSeller0.1% of the priceVirginia Code §58.1-802: grantor tax
Virginia Beach local deed recordationOnly for: house, townhouse, condoBuyer0.08333333333333333% of the priceVirginia Code §58.1-814: local one-third recordation tax
Virginia Beach local deed-of-trust recordationOnly for: house, townhouse, condoBuyer0.043333333333333335–0.08333333333333333% of the loan, by sliceVirginia Code §58.1-814: local one-third recordation tax
Hampton Roads regional transportation improvement feeOnly for: house, townhouse, condoSeller0.06% of the price above $100Virginia Code §58.1-802.5: Hampton Roads transportation improvement fee
Sources (12)

Programs and deadlines

Official pages for Virginia Beach, the same for every buyer. Each program decides who qualifies.

Down-payment help
Down Payment Assistance Grant (opens in a new tab) (Virginia Housing)A grant you never repay, for first-time buyers (or repeat buyers in Areas of Economic Opportunity) with a Virginia Housing FHA or conventional bond loan; income and price limits apply.Official page, checked 2026-09-28.Virginia's housing finance agency runs it; the program decides who qualifies and for how much.
Down-payment help in Virginia Beach
We found no city or county down-payment program for Virginia Beach. Where we looked: the City of Virginia Beach's Housing and Neighborhood Preservation site and web searches, which found state programs (Virginia Housing, Virginia DHCD) but no city program.Checked 2026-09-28.
Homestead exemption
Senior & Disabled (opens in a new tab) (City of Virginia Beach Commissioner of the Revenue)Real estate tax relief for owners 65 or older or totally and permanently disabled, within income and net-worth limits.Deadline: February 1 through June 30Official page, checked 2026-09-28.
If you disagree with your assessment
Appeal Process (opens in a new tab) (City of Virginia Beach Real Estate Assessor)Reassessment notices go out in March; a review by the Assessor is recommended first, then an appeal to the Board of Equalization if needed.When: Board of Equalization: March through June 30Official page, checked 2026-09-28.
After you buy: alerts on your deed
We found no county alert service for documents recorded on your home. Where we looked: Virginia Beach Circuit Court Clerk pages and web searches for a land-records alert.Checked 2026-09-28.

Sample homes in Virginia Beach, each with its estimated monthly cost and the things to check. Found one somewhere else? Check it here.

Sources (34)