Home Insurance Estimator for Virginia Beach, VA
Updated 2026 · Local data pre-filled
Home insurance rates vary widely within Virginia, driven by weather risks, construction costs, and local claims history. The median home value in Virginia Beach is $340,000, and we've pre-filled that as your dwelling coverage starting point. Adjust for your home's actual replacement cost for the most accurate estimate.
✓ Calculator below is pre-filled with Virginia Beach local data
How Virginia Beach Compares to the National Average
Understanding how Virginia Beach stacks up helps you calibrate your financial planning.
| Metric | Virginia Beach, VA | US Average | Difference |
|---|---|---|---|
| Median Home Price | $340,000 | $420,800 | -19.2% |
| Median Monthly Rent | $1,571 | $1,713 | -8.3% |
| Median Household Income | $72,200 | $74,580 | -3.2% |
| Property Tax Rate | 0.82% | 1.10% | -25.5% |
| Cost of Living Index | 103 | 100 | +3.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Virginia Beach Financial Snapshot
- Population (Metro)
- 1,840,000
- Unemployment
- 3.5%
- Avg Commute
- 27 min
- Median Age
- 36.3
- Price-to-Rent Ratio
- 18.0x
- Annual Property Tax
- $2,788
Frequently Asked Questions — Virginia Beach
What is the median home price in Virginia Beach, VA?
The median home price in Virginia Beach is $340,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Virginia Beach?
Median monthly rent in Virginia Beach is $1,571. That works out to $18,852/year, or 26% of the median household income — within the commonly recommended 30% of income guideline.
Is Virginia Beach affordable?
Virginia Beach's cost of living index is 103 vs. the national average of 100. With a median household income of $72,200/year and a median home price of $340,000, the price-to-income ratio is 4.7x. Virginia Beach falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Virginia Beach?
The effective property tax rate in Virginia Beach is 0.82% of assessed value. On the median home of $340,000, that's roughly $2,788/year ($232/month).