Virginia real estate spans one of the most diverse housing markets in the Mid-Atlantic, from the ultra-compétitive Northern Virginia suburbs of Washington DC to the historic military markets of Hampton Roads and the growing mid-state corridor anchored by Richmond. Federal government employment, défense contracting, and a deep technology sector create stable, high-income demand across multiple Virginia markets simultaneously.
Key costs when buying in Virginia
Home inspections in Virginia run $325-$575, with more complex properties in Northern Virginia often running higher due to larger square footage and more complex systems. Agent commissions typically run 5-6% of the sale price. Virginia property taxes vary significantly by locality and are set at the city or county level, so buyers must verify the specific rate for each property rather than relying on state averages.
Escrow and closing in Virginia typically takes 30-45 days. Appraisals run $400-$650. Virginia mortgage options are broad, with VA loans heavily utilized given the state's substantial military population across Norfolk, Newport News, Hampton, and Quantico. Sellers in Northern Virginia benefit from some of the strongest residential demand on the East Coast driven by federal employment security and tech sector growth in the Dulles corridor.
