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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 7.60% |
| Two Bedrooms | 23.70% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 22.40% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $123,200 |
| Median Price asked for vacant units | $100,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $666 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 12.90% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 63.10% |
| Debt Free | 13.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.4% |
