Watcharu Finance

Virginia Beach, VA mortgage & affordability calculator

The typical home in Virginia Beach, VA is worth about $350,000. With 20% down that's a loan near $280,000 — the calculator is pre-filled with that figure. Home to the largest naval base on the East Coast, Hampton Roads' housing market moves with military PCS cycles as much as with the broader economy. Flood-zone insurance requirements near the coast can add a real cost on top of Virginia's otherwise moderate property tax rate.

$1,817.94 / month

Total interest
$374,454
Total paid
$654,454
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$70k$140k$210k$280k0612182430Year

How much you need to earn

Virginia Beach, VA's median household income is about $75,000 a year. Under standard 28/36 lending rules that supports a home price around $281,779 with 20% down — below the $350,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$281,779 max home price

Max loan amount
$211,779
Housing payment budget
$1,750
P&I budget
$1,375
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Virginia Beach, VA is about $1,650 a month, so owning the median home costs roughly $543 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Virginia Beach, VA?
On the metro's roughly $350,000 typical home with 20% down, the loan is about $280,000. Principal and interest run near $1,818 a month at today's rate, and Virginia Beach, VA's property tax plus insurance add about $375, for a full payment near $2,193.
Can I afford a home in Virginia Beach, VA on the median income?
The median household income is about $75,000 a year. Under standard 28/36 lending rules that supports a home price around $281,779 with 20% down — below the $350,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Virginia Beach, VA?
Typical asking rent is about $1,650 a month. The full owner payment on a median home is near $2,193, so owning costs roughly $543 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Virginia Beach, VA?
The effective property tax rate in the core county is about 0.80% of market value — roughly $2,800 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Virginia Beach, VA rising or falling?
Home values are up about 3% over the past year. Home to the largest naval base on the East Coast, Hampton Roads' housing market moves with military PCS cycles as much as with the broader economy. Flood-zone insurance requirements near the coast can add a real cost on top of Virginia's otherwise moderate property tax rate.

Nearby metros

← All Virginia mortgage figures

← All metro calculators