CALCMONEY // MORTGAGE // VA // VIRGINIA BEACH
Calculate your monthly mortgage payment using Virginia Beach-specific property tax rates and local market data.
$365,000
6.9%
0.99%
103
| Principal & Interest | $1,923 |
| Property Tax | $301 |
| Homeowners Insurance (est.) | $122 |
| Total Monthly Payment (PITI) | $2,346 |
$73,000
$400,320
$100,539/yr
The median home price in Virginia Beach is $365,000, near the national median of $420,000. With a median household income of $78,000, the price-to-income ratio is 4.7x — meaning buyers typically spend 4.7 years of gross income on the purchase price.
Property taxes in Virginia Beach run 0.99% of assessed value. On the median home, that is $3,614 per year, or $301 per month added to your mortgage payment. This is close to the national average of 1.1%.
Virginia has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Virginia Beach is 103 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $292,000 loan saves $13,140 in interest over 30 years.
Compare Top Virginia Beach Mortgage Lenders