Rent to own Homes in Virginia Beach, VA
Virginia Beach, Virginia, is the place to go for the quintessential beach vacation. Whether you're wandering down the Virginia Beach Boardwalk, visiting the gorgeous lighthouses at Cape Henry or checking out one of the wonderful concerts or events at Beach Street USA, you will have no shortage of ways to enjoy yourself in this beautiful and historic beachside town. Every area, from Chesapeake Beach to the Town Center has something to offer tourists and residents alike.
Virginia Beach, VA is a great place for affordable rent-to-own homes! With a median household income of over $78,136 and a median rent of $1,380, the Virginia Beach, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Virginia Beach, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Virginia Beach, VA
Neighborhoods in Virginia Beach, VA
Pungo Blackwater rent to own homes Windsor Oaks West rent to own homes Lynnhaven rent to own homes Salem rent to own homes Kempsville rent to own homes Ocean Lakes rent to own homes Courthouse Sandbridge rent to own homes Dam Neck Naval Air Station rent to own homes Fort Story rent to own homes North Central rent to own homesMedian Home Price in Virginia Beach, VA
Median Rent in Virginia Beach, VA
Top Reasons to Live in Virginia Beach VA
Housing Stats In Virginia Beach, the median sales price for homes is $235,000, up 5.9% from the previous quarter. The average listing price was $389,302 for the week ending August 7th, 2013. The annual residential turnover is 21% and the vacancy rate increased from 6.2% last year to 8.5% this year. If you're looking to rent, Virginia Beach is probably a great place to do so because great new rental homes are popping up all over the place!
Tourism There is no shortage of things for tourists to do in Virginia Beach! The East Coast beach shores are stunning and a great way for families or couples to enjoy fun in the sun. The Chesapeake Bay is famous for its crab fishing while the Town Center has an eclectic mix of great food and nightlife. The Sandler Center for the Performing Arts hosts all kinds of entertainers from all over the world and is home to Virginia Beach's excellent arts organizations. The Little Theatre of Virginia Beach is a treat, as wel! It's just 6 blocks from the oceanfront and situated in a cozy little residential area that's proud to offer excellent live plays and musicals for low prices. There are a number of great golf courses in the area, too. For history buffs, the Adam Thoroughgood House near the Lynnhaven River is one of the earliest brick houses in the whole country. It gives a beautiful glimpse of early Virginia colonialism.
Commutes For commuters here, it's good to know that only about 1% of the population uses public transit to commute. This can mean extra time for drivers who are commuting to work. A staggering 81% of people drive alone, 9% carpool and 1% use a taxi, motorcycle or bike to get to work. Only about 4% work from home and 3% walk.
Neighborhood Guide Virginia Beach is a vast and varied city with so much to offer. The neighborhoods are eclectic and you'll find different reasons to visit each one depending on what you're in the mood for. Here's a breakdown of the most popular neighborhoods in Virginia Beach.