Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 457,066 ↓ 0.5% since 2020 |
| Median Household Income | $90,685 22% above national median |
| Median Home Value | $366,300 |
| Unemployment Rate | 3.9% |
| Median Age | 37.4 years |
| Housing Vacancy Rate | 5.7% |
| Total Land Sales (Past 12 Months) | 73 transactions |
| Active Listings | 46 properties |
| Avg Days on Market | 486 days |
Rural Land Sales (1+ Acres) (Apr 2025 – Jun 2025)
| Metric | Value |
|---|---|
| Median Price/Acre | $143,385 |
| Recent Sales | 33 transactions |
| Avg Days on Market | 514 days |
| Avg Parcel Size | 21.20 acres |
| Active Listings | 34 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jun 2025 | 2.76 | $245,556 | $88,970 | Virginia Beach |
| Apr 2025 | 3.02 | $1,459,375 | $483,237 | Virginia Beach |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Oct 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $432,500 |
| Recent Sales | 40 transactions |
| Avg Days on Market | 463 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 12 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Oct 2025 | 0.30 | $215,000 | Virginia Beach |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 457,066 |
| Population (2020) | 459,470 |
| Population Growth | -0.52% |
| Median Household Income | $90,685 |
| Median Home Value | $366,300 |
| Total Housing Units | 190,734 |
| Vacant Housing Units | 10,934 |
| Housing Vacancy Rate | 5.7% |
| Median Age | 37.4 |
| Bachelor's Degree or Higher | 79,246 (17.3%) |
| Unemployment Rate (BLS) | 3.2% |
Market Overview
Virginia Beach city, Virginia has a population of 457,066, which has declined 0.52% since 2020. The median household income is $90,685, above the national median of $74,580 by 21.6%. With a median home value of $366,300 and an unemployment rate of 3.2%, the local economy is strong. The housing vacancy rate of 5.7% suggests tight market conditions. The county's location in Virginia makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $143,385 per acre, with properties averaging 21.20 acres. There are currently 46 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Virginia Beach city, Virginia?
As of the 2023 American Community Survey, Virginia Beach city has a population of 457,066. The county has declined 0.52% since the 2020 Census.
What is the median household income in Virginia Beach city?
The median household income in Virginia Beach city is $90,685, which is 21.6% above the national median of $74,580.
Is Virginia Beach city growing or shrinking?
Virginia Beach city is shrinking. The population has declined 0.52% since 2020.
What is the housing market like in Virginia Beach city?
The median home value in Virginia Beach city is $366,300. The housing vacancy rate is 5.7%, which suggests tight market conditions. The unemployment rate is 3.2%, indicating a strong local economy. Recent rural land sales (1+ acres) show a median price of $143,385 per acre. Suburban/urban lots under 1 acre have a median lot price of $432,500.
Does Reelvest buy land in Virginia Beach city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Virginia Beach city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.