Virginia Beach, Virginia Mortgage and Housing Information

Population: 425,257
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

A comparison of the average prices of homes in Virginia Beach, Virginia and the U.S.
	U.S.	Virginia	Virginia Beach
Median home value in year 2006	$185,200	$244,200	$260,300

Median owner costs for owner-occupied houses and condos in year **2006**
	U.S.	Virginia	Virginia Beach
With a mortgage	$1,402	$1,540	$1,518
Without a mortgage	$399	$345	$473

Types of mortgages for owner-occupied Houses and Condos in Virginia Beach (2006)
Mortgage Type	Number of Houses and Condos	Percent of total
Without a mortgage	20,079	17.9%
First Mortgage Only	62,404	55.5%
Second Mortgage and/or Home Equity Loan	29,993	26.7%
Total	112,476	100%

Median age for males and females (2000).
Males	31
Females	34

Males earn $11,408 (44.5%) more than Females in Virginia Beach.

Level of higher education for people over 25 years in Virginia Beach (2006).
Level	Number of Males	Percent of Males	Number of Females	Percent of Females
Some College	36,479	27.1%	35,929	26.7%
Associate Degree	10,689	7.9%	16,274	12.1%
Bachelor's Degree	25,808	19.2%	31,780	23.6%
Master's Degree	10,556	7.8%	12,582	9.3%
Professional Degree	3,400	2.5%	1,505	1.1%
Doctorate Degree	1,422	1.1%	702	0.5%
Total (at least some college)	88,354	65.6%	98,772	67.0%
Total over 25	134,635	100%	147,476	100%

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