Virginia Beach multifamily market, October 2026

Landlords have the edge in Virginia Beach, and it is mixed: asking rents are up 7.6% on a year, while jobs slipped 0.2%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+7.6%

Asking rent, year over year

Zillow · September 2026

-0.2%

Jobs, year over year

BLS · September 2026, preliminary

5.3%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 7.6% on a year to September 2026, which is the figure the condition is read from. Jobs are down 0.2% over the same year to September 2026, a first release the BLS revises the following month. Asking rents are climbing but job growth has cooled (September 2026).

The backdrop

These are yearly Census counts, not this month's: 5.3% of rentals sat empty in 2024, permits for new apartments were down 17% in 2025, more people moved out than in in 2025, and the typical rent was $1,556 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Virginia Beach

Answered from the data, updated October 31, 2026

Is the Virginia Beach rental market tight or soft right now?

In Virginia Beach right now, landlords have the edge, and it is mixed.

Which way is the Virginia Beach market heading?

Virginia Beach is mixed right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Virginia Beach a landlord's or a renter's market?

Virginia Beach is a landlord's market right now: landlords have the edge, and it is mixed.

What is the vacancy rate in Virginia Beach?

Vacancy in Virginia Beach is 5.3% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Virginia Beach rents changed?

Asking rents in Virginia Beach are up 7.6% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Hamilton Zanze Announces Disposition of 196-Unit Indigo 19 Multifamily Community in Virginia BeachMultifamilyBiz

Navy closes on $1.7B initiative to modernize housing for sailors in VirginiaHomeland Preparedness News

San Francisco's Hamilton Zanze cashes out of Virginia Beach apartmentsCoStar

Hamilton Zanze Announces Sale of Indigo 19 Multifamily Community in Virginia BeachYield PRO

Virginia Housing Market Sees Surprising Shift In Buyer BehaviorPatch

Navy launches $18M housing upgrade project for sailors at Virginia Beach baseWTKR

See all Virginia Beach news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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