How Much House Can I Afford in Virginia Beach, VA?
Use local market data to estimate what you can afford in Virginia Beach. The median home value is $360,000 with a population of 452,000.
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FAQ — Buying in Virginia Beach
How much house can I afford in Virginia Beach?
The median home value in Virginia Beach is $360,000. At a 20% down payment ($72,000) and a 6.37% rate, the estimated P&I payment would be roughly $1,796 per month — before taxes and insurance. Use the calculator above with your actual income and debts for a personalized answer.
What is the 28/36 rule for buying a home in Virginia Beach?
The 28/36 rule suggests your housing payment should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. In Virginia Beach with a median home price of $360,000, this means your gross monthly income should ideally be at least $6,414 to keep housing comfortably within the 28% threshold.
How do Virginia Beach property taxes affect my affordability?
Virginia Beach City has an effective property tax rate of 0.99%, which adds approximately $297 per month to your housing cost on a median-priced home.
What 2026 loan limits apply in Virginia Beach?
In 2026, the FHA loan limit for Virginia Beach City is determined by HUD based on local median home prices. The conforming limit set by FHFA is at least $832,750 — loans above this are jumbo mortgages with different qualification standards. Higher-cost counties may have elevated limits.