Is Your Virginia Beach Home Worth More Now? 2025 Assessment Breakdown Inside 🏡

Hello Hampton Roads,

So… What’s Really Going On With Home Assessed Values in Virginia Beach?

In a word? Growth.

Home values across Virginia Beach are still rising—but at a more measured pace than recent years. Based on the city’s latest assessment data, the average residential property increased by 5.73%, with some neighborhoods surging well above 10%.

What’s driving this? A mix of low inventory, steady demand, and rising costs in new construction. But it’s not just about the averages—each part of the city has it's own story to tell.

🏠 Existing Home Values by Property Type: 

First let's take a broad look at the existing housing stock. Here’s what the 2025–2026 reassessment showed for existing residential properties:

Property Type	Median Assessed Value	Avg. Assessed Value	YoY Median Change
Single-Family Homes	$410,100	$513,400	+5.64%
Townhomes	$241,100	$254,200	+7.30%
Low-Rise Condos	$309,000	$379,100	+4.57%
High-Rise Condos/Co-ops	$429,800	$484,800	+4.78%
Duplex/Home w/ Apts	$546,600	$784,400	+7.49%
All Residential Types	$365,300	$459,300	+5.06%

Notably, townhomes and duplexes saw some of the strongest percentage increases—an indicator of strong demand in the mid-market range. Overall home owners experienced a nice growth in equity. 

Highlights for Existing Home Values

• Median assessed value: $365,300 (up $17,600 or 5.06% year-over-year)

• Mean assessed value: $459,300

• Single-family homes: Median $410,100; average $513,400

• Townhomes: Median $241,100, with a hefty 7.3% increase

• Condominiums (low- & high-rise): Values rose about 4.5–4.8%

 🏗️ New Construction: What’s Selling and At What Price?

New homes accounted for about $189.6 million in assessed value. Here’s what the new build market looks like:

• Average new home assessment: $903,000

• Median new home assessment: $709,800

• Nearly 26% of new homes are valued over $1M

• Only 18% fall below $350K

This continues a trend: These numbers point to strong demand and continued confidence in higher-end new builds, while also underlining the value of the mid-range market. 

📈 Cumulative Residential Value by Range

Here’s how Virginia Beach’s residential properties stack up by assessed value:

Assessed Value Range	% of All Homes
Under $200K	4.3%
$200K–$349,999	41.7%
$350K–$499,999	28.0%
$500K–$749,999	15.0%
$750K–$999,999	5.0%
Over $1M	5.0%

Takeaway: Nearly 74% of homes are assessed under $500K, making this the most active price band for both buyers and sellers.

🧭 Insights for Buyers and Sellers Alike

• Sellers: Most districts and price ranges are in your favor. Demand is especially high in move-in ready properties under $500K.

• Buyers: Entry-level homes are moving fast. Be ready to act, especially in competitive districts or school zones.
• Investors: Properties under $350K showed strong appreciation—prime territory for rental cash flow or fix-and-hold strategies.

🗺️ Citywide Growth: Every District Gained Ground

Virginia Beach is split into 10 assessment districts alligning with voting districts. Each one experienced appreciation in FY 2025—but some stood out more than others.

🔗 Not sure which district you live in? Use this interactive map to find out.

Here’s a quick snapshot of district-wide residential growth

📌 Top performer?

District 05 led the city with a 7.25% increase, followed closely by District 06 at 6.68% and District 04 at 6.03%.

🔝 Top Neighborhoods by Price & Growth

Here’s a breakdown of the highest- assessed   neighborhood  within each district along with their percentage increased in assessment for FY 2024–2025.

District	Top Neighborhood	Avg. Assessed Value	Median Value	% Appreciation
01	JONATHAN'S COVE	$640,000	$632,900	0.31%
02	SANDBRIDGE/OCEANFRONT	$2,379,100	$2,188,400	18.42%
03	LONDON BRIDGE XNG/EVERGREENS	$506,000	$502,200	5.98%
04	RESIDENCES AT WESTIN	$612,800	$577,300	2.00%
05	CROATAN BEACH/ATLANTIC AVE	$2,729,200	$2,146,300	23.14%
06	BAY COLONY/WATERFRONT	$2,425,000	$1,414,100	14.94%
07	INDIAN POINTE @ROSE GLEN	$517,500	$502,700	0.55%
08	BROAD BAY PT GRNS /WATERFRONT	$1,761,800	$1,745,400	11.62%
09	RIDGELY MANOR/NORTH SHORE	$1,076,600	$1,028,100	14.49%
10	SPENCE CROSSING HALSTEAD	$563,000	$553,600	5.94%

🙋 Frequently Asked Questions

Q: How does my tax assessment compare to my market value?
A: Assessments are a solid benchmark, but market value includes factors like renovations, upgrades, and buyer demand. Want the full picture? Request a free home value report.
Q: Are home values likely to keep rising in 2026?
A: Based on this year's citywide increases and consistent district growth, moderate gains are likely--but tied closely to interest rates and local supply.
Q: Should I consider selling right now?
A: If your home appreciated more than 5% and inventory in your area is tight, it could be a great time to sell for top dollar.
Q: How do I check my current assessment?
A: You can look it up online throuh the City of Virginia Beach Real Estate Assessor's site --or I can walk you through it and explain what it means for your bottom line.

📬 Ready to Know What Your Home’s Worth?

In short, Virginia Beach home values are still on the rise—but the details matter. With most properties appreciating around 5–7% and some neighborhoods seeing double-digit growth, homeowners across the city have likely gained equity. Whether you're thinking of buying, selling, or simply tracking your investment, understanding your home’s assessed value is a smart move. From townhomes to waterfront estates, every district has its own story—and opportunity. 

Want a clearer picture of where your home stands in today’s market? Request your free Home Value Report and get the insights you need to move confidently.

No pressure. No spam. Just solid info and friendly expertise.

Thanks for Reading, 

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