Virginia
Ranked #31 of 51 for housing affordability
45Moderate
Median Home Price
🏠$400K
4.9x income
Median Rent
🔑$2K
31.0% rent-burdened
Median Income
💰$81K
Population: 8,642,274
Homeownership
🏡66.3%
6,068 experiencing homelessness
Housing Shortage
📉120,000
units needed
Building Permits (2024)
🔨38,000
Price-to-Income
📊4.9x
Severe Rent Burden
⚠️14.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in Virginia
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Virginia Beach-Norfolk | 52 | $320K | $1K | $67K | 32.0% |
| Richmond | 52 | $340K | $1K | $68K | 31.0% |
Housing Policies
Virginia Housing Trust Fundinclusionary zoning (Arlington, Fairfax)VHDA programs