Home Insurance in Virginia Beach city, Virginia
The median home value in Virginia Beach city is $382,500, close to the Virginia median.
The typical home in Virginia Beach city was built around 1984. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 8% of homes were built before 1960, about 11 points below Virginia's 19%.
In Virginia Beach city, the housing stock is 73% single-family homes, 20% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Virginia Beach city, about 74% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 65% of occupied homes in Virginia Beach city are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
63% of homes in Virginia Beach city are primarily heated with electricity.
Per FEMA's National Risk Index, Virginia Beach city's top hazards are hurricane (Relatively Moderate), earthquake (Relatively Low) and coastal flooding (Relatively Moderate). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Virginia Beach city had 19,783 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
The statewide average premium for a standard HO-3 homeowners policy in Virginia is $1,537 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $382,500 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 74% |
| Top hazards (FEMA National Risk Index) | Hurricane (Relatively Moderate), Earthquake (Relatively Low), Coastal Flooding (Relatively Moderate) |
| Active NFIP flood policies (county) | 19,783 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)