Virginia Beach, VA variant. This is a Virginia Beach, VA-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Virginia Beach's $360,000 median home and 0.74% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Virginia Beach
On the $360,000 median home with 20% down ($72,000), you'd finance $288,000. At 6.5% over 30 years, P&I ≈ $1,820/month.
Add Virginia Beach's 0.74% property tax (≈ $222/month) plus insurance for the all-in payment.
About Virginia Beach, VA
Virginia Beach applies Virginia state income and sales taxes.
Virginia Beach home prices are moderate for a coastal metro.
Virginia Beach's economy is anchored by the military and tourism, with a cost of living close to the national average.
Worked example: $360,000 Virginia Beach home
Loan $288,000 at 6.5% for 30 years → $1,820/mo P&I. Property tax ≈ $222/mo. Total before insurance ≈ $2,042/mo.
Quick reference
- Median home value: $360,000
- Median rent: $1,750/mo
- Median household income: $87,224
- Local sales tax: 6%
- Effective property tax rate: 0.74%
- Cost of living index: 102 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Virginia Beach?
About $1,820/month P&I on the $360,000 median home with 20% down at 6.5%.
What is the property tax rate in Virginia Beach?
About 0.74% of home value per year.