68 / 100

Virginia Beach city, VA

RANK #324 / 996  ·  POP 457,900  ·  VA

PROJECTED GROWTH: +1.4%

Virginia Beach city combines solid growth with real affordability — a rare combination.

[01] Why Virginia Beach city?

Virginia Beach, Virginia, is distinguished by its extensive coastline, including the Guinness World Record-holding "largest pleasure beach on Earth". Located in the southeastern corner of Virginia where the Chesapeake Bay meets the Atlantic Ocean, it is about 18 miles from Norfolk. The city offers a blend of urban amenities and natural landscapes, with over 7,000 acres of parks and natural areas, including First Landing State Park, which offers miles of hiking and biking trails. Locals often frequent Chic's Beach for its calm waters, ideal for paddling and families. Commuting within the city is possible via the Hampton Roads Transit bus system and seasonal trolleys, though transit infrastructure is largely geared towards tourists.

Life in Virginia Beach offers a coastal lifestyle with a focus on outdoor activities and a family-friendly atmosphere. The Virginia Beach City Public Schools system is among the top-performing in the nation, with 86 accredited schools. The economy, historically reliant on defense and tourism, is undergoing diversification. While tourism remains a significant contributor, generating billions annually, there is a push to expand beyond these traditional sectors. The city is seeing investment in infrastructure and efforts to support local business growth and entrepreneurship.

[02] Market Snapshot

Housing Ratio
6.1x

Above national median (4.7x)

GDP Growth
+6.6%

Well above national median

Home Prices
+2.5%

Outpacing national median

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 6.1x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Virginia Beach city U.S. National

The Numbers

DEMOGRAPHICS
Population
457,900
+0.05% YoY
Median Household Income
$87,544
Median Home Value
$343,700
+2.5% 12mo
Median Rent
$1,568
Average Annual Pay
$57,981
+5.4% YoY
Employment
179,013
+0.5% YoY
Income-to-Home-Value
0.2547
More affordable than average
Migration Inflow
3.75%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
666
Single-Family Permits
319

[05] Capital Investment

$120,239M
TOTAL
PROJECT AMOUNT STATUS
Amazon Robotics Fulfillment Center and Delivery Station
Amazon
$109,000M Under Construction
Coastal Virginia Offshore Wind (CVOW)
Dominion Energy
$11,000M Under Construction
Oceana 230kV Battery Project
Undisclosed (PJM interconnection queue)
$150M Planned
PointOne NAP of Virginia Beach Data Center Campus
PointOne Development Corp.
$50M Operating
Globalinx Subsea Cable Landing Station Expansion
Globalinx
$39M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +6.6% 93 percentile
Population Growth +0.1% 32 percentile
Income Growth +7.0% 18 percentile
Vacancy Rate 1.1% 48 percentile
Home Price Change +2.5% 65 percentile
Rent Growth +5.4% 83 percentile
Price/Rent 15x 38 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Virginia Beach city, VA a good place to move to?

Virginia Beach city has a Boom Town Index score of 68/100, ranking #324 among 996 U.S. counties. With job growth at +0.5% and a median household income of $87,544, it's an above-average county on economic indicators.

Is Virginia Beach city affordable?

The median home value in Virginia Beach city is $343,700 with median rent at $1,568/month. The income-to-home-value ratio is 0.2547, which is more affordable than the national average.

Is Virginia Beach city growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: +0.5%. Home values changed +2.5% in the past 12 months.

Are people moving to Virginia Beach city?

Yes — 3.75% of Virginia Beach city's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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