Surrounding Metropolitan Area
Virginia Beach, Virginia is a part of the Kempsville/Bayside Submarket submarket area, and contains 20 zip codes, including: 23461, 23460, 23466, 23462, 23467, and 23459.
Virginia Beach Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Virginia Beach, VA submarket area was $1,251, which is 15.41% higher than 2014 average rent. This represents a compounded annual growth rate of 2.91%. 2019 vacancy in Virginia Beach, VA was 3.30%.
The total population of the city of Virginia Beach, VA has grown 2.78% since 2010. As of 2018, the population was 450,189. The median household income of the Virginia Beach was $74,186, which is 23.04% higher than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Kempsville / Bayside Submarket
$1,251
15.41%
3.30%
$74,186
450,189
2.78%
23.04%
23450 23451 23452 23453 23454 23455 23456 23457 23458 23459 23460 23461 23462 23463 23464 23465 23466 23467 23471 23479
Submarket Area Kempsville / Bayside Submarket
Avg Rent $1,251
Rent Growth 15.41%
Vacancy 3.30%
Median Income $74,186
Population (2018) 450,189
Population Growth 2.78%
Vs. Nat’l Avg 23.04%
Zip Codes 23450 23451 23452 23453 23454 23455 23456 23457 23458 23459 23460 23461 23462 23463 23464 23465 23466 23467 23471 23479