Virginia Beach, VA Community Information

Virginia Beach, VA Homes for Sale

Virginia Beach Metro and Neighborhood Information

Known for its beautiful stretches of pristine oceanfront, Virginia Beach, VA, has been a destination spot for tourists and residents alike. Every year, the city is host to the East Coast Surfing Championship as well as the North American Sand Soccer Championship that attracts teams from around the world.

Located in Virginia'sSouth Hampton Roads region on the shores of the Chesapeake Bay and the Atlantic Ocean, Virginia Beach is the most populous city in the state and is home to several state parks, protected beach areas, three military bases, a number of large corporations, two universities and beautiful historic sites.

Virginia Beach is best known for its tourism but the military, agribusiness sectors and large retail component contribute to the city's economy. Major companies headquartered in this beach-side city include Lillian Vernon and Stihl, GEICO, Amerigroup and Navy Exchange Service Command.

Tourism, agriculture thrive

Tourism fuels a large portion of Virginia Beach's economy. With an estimated $857 million spent in tourism related industries, 14,900 jobs have been created to cater to the 2.75 million visitors. City coffers benefit as visitors provide $73 million in revenue. Virginia Beach opened a Convention Center in 2005 which caters to large group meetings and events. Hotels not only line the oceanfront but also cluster around Virginia Beach Town Center and other parts of the City. Restaurants and entertainment industries also directly benefit from Virginia Beach's tourism.

Virginia Beach has a large agricultural business sector, which produces $80 million for the city economy. One hundred-seventy-two farms exist in Virginia Beach, mostly below the greenline in the southern portion of the city. Farmers are able to sell their goods and products at the city's farmer's market.

When the modern city of Virginia Beach was created in 1963, the area was divided into seven boroughs: Bayside, Blackwater, Kempsville, Lynnhaven, Princess Anne, Pungo and Virginia Beach.

Virginia Beach has many distinctive communities and neighborhoods within its boundaries. They include Chesapeake Beach, Great Neck, Kings Grant, Alanton, Green Run, Bayside, Blackwater, Brighton on the Bay, College Park, Croatan Beach, Church Point, Greenwich, the North End, London Bridge, Lynnhaven, Little Neck, Middle Plantation, Munden, Oceana, Ocean Park, Pembroke Meadows, Pungo, Salem, Sandbridge, Seatack, Shadowlawn and the oceanfront. The median home price in the is $304,900.

Chesapeake Beach, also known as Chicks Beach by locals, is a stretch of beaches running about two miles from the Lynnhaven Inlet to just west of the Chesapeake Bay Bridge Tunnel. This beachfront community offers beach cottages, condominiums, townhouses, duplexes, apartments and single-family homes. The neighborhoods of Baylake Pines and Baylake Beach hug the east side of the community.

From pristine beaches to white picket fence neighborhoods, Virginia Beach is more than just a tourist destination. Start your Virginia Beach real estate search today!

Sources and more information:
http://en.wikipedia.org/wiki/Virginia_Beach,_Virginia
http://www.vbgov.com/
http://www.vbfun.com/visitors/default.asp

Virginia Beach, VA Community Information

Population

434,450

Median Age

32.9

Median Household Income

$69,589

Households with Children

52.76%

Median Travel Time to Work

25 minutes

Virginia Beach, VA Real Estate Market Information

Homes Owned

64.78%

Homes Rented

31.87%

Homes Vacant

3.36%

Virginia Beach, VA Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

10:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

Virginia Beach, VA School Information

Elementary Schools

Primary Schools

Middle Schools

Secondary Schools

High Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 434,450
  • Total Male Population 216,181
  • Total Female Population 218,269
  • Population change since 2000 22.33%
  • Median age 32.9
  • Percent of households with children 52.76%
  • Personal Crime risk 71

Transportation

  • Median travel time to work 25 minutes
  • Percent using Public transportation 0.72%
  • Percent Driving/Using Carpool 92.50
  • Percent Using Other transportation 3.26%
  • Percent Working From Home 3.52%

Education Levels

  • Some high school 7.08%
  • High school graduate 25.90%
  • Some college 27.54%
  • Associate degree 8.77%
  • Bachelor's degree 21.05%
  • Graduate degree 9.65%

Occupation

  • Agriculture, forestry, and fishing 0.17%
  • Construction 7.24%
  • Manufacturing 5.37%
  • Wholesale Trade 2.42%
  • Retail Trade 11.40%
  • Finance, insurance and real estate 8.44%
  • Services 5.37%
  • Public administration 7.28%
  • Information 3.26%
  • Professional 12.01%
  • Education 22.80%
  • Arts 9.53%

Income

  • Average household income $84,511
  • Income change since 2000 28.40%

Climate

  • Avg. January high/low temp 48.90 / 31.76
  • Avg. July high/low temp 86.92 / 70.17
  • Annual precipitation 45.86
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