Investor-grade market analytics for Virginia Beach-Norfolk-Newport News, Virginia. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$360,158
+1.8% year-over-year
6.0%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 97% nationally
In-migrants avg $68,183 AGI vs out-migrants $65,270
Opportunity Zone Market
47 ZIP codes in Virginia Beach-Norfolk-Newport News are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Virginia Beach-Norfolk-Newport News, VA-NC is in a stabilization phase with 1.8% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability remains favorable with a price-to-income ratio of 4.47x, below the national average of 4.8x. Net negative migration (-1,457 returns/year) is reducing housing demand pressure. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 5.98% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Virginia Beach-Norfolk-Newport News, VA-NC's primary climate exposure is hurricanes (39/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.