Real Estate Relocation Guide To Virginia

Relocating from Chicago to Virginia is a major move. You’re crossing state lines and heading 700 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Richmond or Norfolk you can get a good idea of the Virginia landscape and locate the best area for you and your family.

We’ll start with the big picture… Virginia has an estimated population of 7.6 million* and around 39,600 square miles of land. The total number of housing units is 3,230,821, of which about 2 million are owner-occupied and 874,800 are inhabited by renters. Roughly 325,800, or 10 percent, of the residences in the state are vacant. The median home value in Virginia is $244,200 and the median household income is $56,277. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Virginia, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Virginia real estate has to offer…

About 56,300 homes in Virginia are new construction, developed in 2005 or after (another 293,500 were put up between 2000 and 2004). Virginia has its share of vintage charm as well with 283,200 residences built prior to 1940. The total number of detached, single-family houses across the state is 2 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Old Dominion, monthly mortgage costs in [Alabama] generally hover between $700 and 2,000+.

Relocation Resources

Fairfax Real Estate, Centreville Real Estate, Alexandria Real Estate - Lauretta Baylor
Find Real Estate and Homes for Sale in Fairfax, Centreville, Alexandria, Woodbridge, Manassas and the surrounding areas. My Client's Best Interest IS My Best Interest. Check out the crime watch or find your dream home!

Virginia Beach City Real Estate, Chesapeake Real Estate, Hampton Roads County
Specializing in Virginia Beach City real estate, Chesapeake, Suffolk, Virginia Beach, Norfolk, Portsmouth, Newport News, Hampton, and Hampton Roads County. Kirk and Tina Greer

Richmond Real Estate - Glen Allen Real Estate - Henrico Real Estate
Real Estate in Richmond, Glen Allen, Midlothian, Mechanicsville, Hanover County, and Henrico County. See our home and community resource center.

Northern Virginia Real Estate

Northern Virginia Real Estate
Buying a home in Virginia using a buyers agent to buy detached homes, townhouses or condos, work with someone who enjoys negotiating, and is good at it.

Northern Virginia Real Estate
Northern Virginia Real Estate.

The Earl of Real Estate
Robert Earl, McLean, Vienna, Reston, Ashburn, Virginia, Realtor

A Virginia Home Mortgage Lender
Virginia Mortgage Loans- www.VirginiaMortgageLender.Com offers many unique home loan programs for all credit types with low mortgage rates, Aggressive Mortgage!

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com