Virginia Beach, VA Foreclosed Homes & Properties

Foreclosure Homes for Sale in Virginia Beach, VA: Everything You Should Know

Virginia Beach is the landing site of the first settlers of America, thus the city has plenty of historical homes that have since been turned into museums filled with a rich history. The Adam Thoroughgood House (1719), the Lynnhaven House (1725), and the Francis Land House (1805) are well-preserved structures that have a large Virginia vernacular type architecture with brick archways, closed-spindle staircases, and ship-lap flooring. Currently, you can take a tour in each of these historic homes for a glance at the past. 

Mid-Century Modern style homes were built between the 1930s-1980s. These popular homes are characterized by sleek, flat planes, defined spaces, large windows, and flat roofs. 

Houses have an average value of $296,451, with an average rent of $1,884 a month.  

Major Employers in the City 

The most prominent industries in Virginia are the service sector, accounting for 67% of the state's GDP, technology, and agriculture, forestry, and fishing. With over 47,000 farms in Virginia, agriculture provides about 357,000 jobs throughout the state. The Virginia Beach MSA is home to two Fortune 500 headquarters: Dollar Tree (No. 180) and Huntington Ingalls (No. 378). The largest private employers in the city are Amerigroup Corporation, AMSEC LLC, and Stihl, Inc. The average annual salary is $59,000 or $16.39 an hour. 

Know Your Neighborhoods 

Virginia Beach has been transformed from a beach resort community and rural farmland into a planned suburban coastal city. Virginia Beach has an active nightlife for young adults, a bustling business scene for entrepreneurs, and many attractions, parks, and beaches for families. 

The top-rated neighborhoods in Virginia Beach are Northeast, North Central, and Northwest. These large communities have low crime rates, higher than average home values, and are surrounded by abundant parks and lots of entertaining venues nearby. Neighborhoods with high safety ratings include Lynnwood, Sandbridge Beach/Sigma, Nimmo, and Great Neck Manor. Family-friendly areas include Kings Grant, Bay Colony, and Laurel Cove.  

Local Schools and Education 

The Virginia Beach City Public School District consists of 55 elementary schools, 15 middle schools, 12 high schools, and various secondary/post-secondary specialty centers. This highly rated school district has 68,986 students with a student to teacher ratio of 17 to 1. The district has been given an overall A- rating by Niche.com. Ocean Lakes and Princess Anne High Schools have received A+ ratings. 

There are several colleges and universities in Virginia Beach that students can attend. Tidewater Community College is a two-year public school. Regent University, Stratford University, and Virginia Wesleyan University are private institutions located within the Metro Area. Some public universities include UVA Hampton Roads Center and Virginia Tech Hampton Roads Center.