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Virginia
Mortgage Calculator

How Much Will Your Mortgage Be in Virginia?
Virginia is the 12th most populous by way of its more than 8 million residents, with most of them living in the northern and eastern regions. The largest city is Virginia Beach with more than 440,000 residents, followed by Norfolk, Chesapeake, and the state capital of Richmond. Also, see FHA Loan in Virginia for details and requirements for a home in the state.
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Virginia Home and Mortgage
Stats to Know
County | Avg. Home Price | Avg. Days on Market |
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Source of Info PropertyPath
Factors That Can Affect Your Virginia Mortgage Calculations
The median home value in Virginia is roughly $260,000 and has been on the rise since 2012. Meanwhile, home values in Arlington and Alexandria (both near D.C.), are $695,000 and 785,400, respectively. The state capital of Richmond has home values of just over $218,000.
Virginia Job Stats to Consider
Virginia offers plenty of suburbs near the nation's capital, to which countless works commute each day of the week. There is also a considerable military presence in the state—more than 25 military installations can be found in Virginia in fact. Numerous government contractors are located in the state as well, adding to job opportunities.
The state's unemployment rate in September 2019 was just 2.7%, significantly lower than the national average of 3.5%.