Hampton Roads Real Estate Blog

Market reports, buying & selling guides, and community insights — from the Legacy Home Search team.

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205 posts · page 5 of 9
New Construction in Hampton Roads Now Averages $527K — Here's What's Driving the Affordability Squeeze
Market Update

New Construction in Hampton Roads Now Averages $527K — Here's What's Driving the Affordability Squeeze

New construction in Hampton Roads hit an average of $527,543 in 2025 — up nearly 11% while sales volume dropped 28%. Here's what's behind the numbers and what it means if you're weighing a new build against resale.

May 16, 2026
What Does a 2/1 Buydown Actually Cost You? A Real Example from Virginia Beach New Construction
Buying Tips

What Does a 2/1 Buydown Actually Cost You? A Real Example from Virginia Beach New Construction

Builder buydown offers are everywhere in Virginia Beach right now, but most buyers don't know what they're actually agreeing to. Using a real flyer from a Virginia Beach new construction community, Barry Jenkins breaks down the true cost of a 2/1 buydown — month by month, year by year — so you can decide if it's actually a deal.

May 15, 2026
Hampton's Homebuyer Assistance Program: Free Money for Buying Downtown — Here's How to Qualify
Buying Tips

Hampton's Homebuyer Assistance Program: Free Money for Buying Downtown — Here's How to Qualify

Hampton's Homebuyer Assistance Program offers up to $20,000 in down payment and closing cost help for eligible buyers purchasing in two downtown neighborhoods. Most Hampton Roads buyers have never heard of it. Here's exactly how it works and how to apply.

May 15, 2026
Suffolk Just Approved a $2 Billion Improvement Plan — Here's What It Means for Homeowners and Buyers
Community Spotlight

Suffolk Just Approved a $2 Billion Improvement Plan — Here's What It Means for Homeowners and Buyers

Suffolk City Council unanimously approved a $2 billion Community Improvement Plan covering 2026–2035. If you own a home in Suffolk or you're considering buying there, here's where the money is going and why it matters for property values.

May 15, 2026
170 Vacant Public Housing Units in Norfolk — Why This Matters for the Whole City
News

170 Vacant Public Housing Units in Norfolk — Why This Matters for the Whole City

More than 170 units sit empty at a Norfolk public housing complex due to mold and maintenance issues — and if left unresolved, that vacancy rate could put federal funding at serious risk. Here's what that means for Norfolk's redevelopment pipeline and why Hampton Roads residents beyond city limits should pay attention.

May 14, 2026
Virginia Beach Home Prices Up 15.6% Year-Over-Year — What's Driving the Surge?
Market Update

Virginia Beach Home Prices Up 15.6% Year-Over-Year — What's Driving the Surge?

The median list price in Virginia Beach just hit $479,900 — a 15.6% jump from last year — while national prices are actually falling. Here's what's behind the surge and what it means if you're buying, selling, or just watching your equity grow.

May 14, 2026
Virginia Beach Amphitheater Turns 30: A Look Back at Three Decades of Concerts at the Oceanfront
local-interest

Virginia Beach Amphitheater Turns 30: A Look Back at Three Decades of Concerts at the Oceanfront

The Veterans United Home Loans Amphitheater at Virginia Beach is celebrating 30 years as one of Hampton Roads' most beloved entertainment destinations. From its earliest seasons to the upcoming 2026 concert lineup, the venue has been woven into the fabric of this community in ways that go far beyond live music. Here's a look back — and a look ahead.

May 14, 2026
Back Bay Farmhouse May Become Apartments: What Virginia Beach's Kempsville Road Development Means for the Area
Community Spotlight

Back Bay Farmhouse May Become Apartments: What Virginia Beach's Kempsville Road Development Means for the Area

Plans are in early stages to convert the popular Back Bay Farmhouse brewery site on Kempsville Road into a new apartment complex. Here's what that could mean for nearby homeowners, traffic, and the Kempsville corridor's long-term character.

May 13, 2026
Rain Gardens, Oyster Reefs, and Flood Control: Hampton's Dutch-Inspired Strategy That Other HR Cities Should Watch
flood-and-risk

Rain Gardens, Oyster Reefs, and Flood Control: Hampton's Dutch-Inspired Strategy That Other HR Cities Should Watch

Hampton, Virginia is taking a nature-based approach to flood control — rain gardens, oyster reefs, and creek restoration — instead of billion-dollar walls and pumps. Here's why Hampton Roads homeowners everywhere should be paying close attention to what's working.

May 13, 2026
The Real Numbers on Virginia Beach Airbnb Investing: Most Properties Are Losing Money
Investment

The Real Numbers on Virginia Beach Airbnb Investing: Most Properties Are Losing Money

Across 20+ analyzed short-term rental properties in Virginia Beach, the median monthly cashflow is -$1,235. Before you buy an Airbnb investment here, you need to understand why most are losing money — and what the profitable ones do differently.

May 13, 2026
Renting at $1,500 vs. Buying in Hampton Roads: When Does the Math Actually Work?
Buying Tips

Renting at $1,500 vs. Buying in Hampton Roads: When Does the Math Actually Work?

If your rent is $1,500 a month all-in, buying in Hampton Roads might feel like a natural next step — and sometimes the numbers really do line up. But there are costs renters rarely see coming. Here's the honest breakdown.

May 12, 2026
How to Challenge Your Flood Zone Designation in Virginia Beach — The FEMA LOMC Process Explained
flood-and-risk

How to Challenge Your Flood Zone Designation in Virginia Beach — The FEMA LOMC Process Explained

If your Virginia Beach home is mapped in a flood zone but sits on higher ground, you may be paying for flood insurance you don't actually need. The FEMA Letter of Map Change process lets homeowners challenge that designation — and a successful case can save thousands per year. Here's how it works.

May 12, 2026
500+ New Businesses and Hundreds of Jobs: What Chesapeake's Growth Means for Real Estate
Community Spotlight

500+ New Businesses and Hundreds of Jobs: What Chesapeake's Growth Means for Real Estate

Chesapeake's 2025 State of the City revealed 565 new businesses, nearly $1 billion in capital investment, and thousands of jobs on the way. Here's what that economic momentum means for housing demand, home values, and investment opportunities across Hampton Roads.

May 12, 2026
What Does It Cost to Sell a Home in Norfolk?
cost-breakdown

What Does It Cost to Sell a Home in Norfolk?

Selling a home in Norfolk involves more than agent commissions — grantor taxes, repairs, prorated taxes, and mortgage payoff all factor into your final number. Here's a full breakdown of every cost you should expect, plus a real net-proceeds example so you know what you're actually walking away with.

May 12, 2026
Virginia Beach Is Asking Churches and Nonprofits to Help Solve the Housing Shortage — Here's How
News

Virginia Beach Is Asking Churches and Nonprofits to Help Solve the Housing Shortage — Here's How

Virginia Beach has a gap of more than 4,000 affordable housing units — and the city is now turning to faith-based organizations and nonprofits to help close it. Here's what the initiative involves, why land is the key variable, and what it could mean for your neighborhood.

May 11, 2026
The Military Homebuyer's City-by-City Guide to Hampton Roads in 2026
Buying Tips

The Military Homebuyer's City-by-City Guide to Hampton Roads in 2026

Hampton Roads isn't one market — it's seven cities with different price points, commute patterns, and neighborhoods. This city-by-city breakdown helps military buyers choose the right home base for their duty station in 2026. From Norfolk's walkable urban core to Suffolk's newer construction, here's what you need to know before you buy.

May 11, 2026
Does Your Virginia Beach Home Insurance Actually Cover Hurricanes? What You Need to Know
flood-and-risk

Does Your Virginia Beach Home Insurance Actually Cover Hurricanes? What You Need to Know

Many Virginia Beach homeowners assume their policy fully covers hurricane damage — but wind and flood are treated very differently. Here's what your policy likely covers, what it doesn't, and the gaps that could cost you after a major storm.

May 11, 2026
Blackbeard's Head Hung on a Pole: The Pirate History Hidden in Hampton Roads
Local History

Blackbeard's Head Hung on a Pole: The Pirate History Hidden in Hampton Roads

November 22, 1718. A naval officer sailed into Hampton harbor with a severed head hanging from his bow. The spot where Blackbeard's head was displayed on a pole still has a name on local maps today — and most Hampton Roads residents have no idea.

May 10, 2026
Chesapeake's Community Development Projects: Habitat for Humanity and HUD-Funded Home Repairs You Should Know About
Community Spotlight

Chesapeake's Community Development Projects: Habitat for Humanity and HUD-Funded Home Repairs You Should Know About

Chesapeake homeowners may qualify for free or subsidized home repairs and homeownership assistance through HUD-funded programs and Habitat for Humanity South Hampton Roads. Many families don't know these resources exist — here's who qualifies and how to access them. If you own a home in Chesapeake, this could save you thousands.

May 10, 2026
Naval Station Norfolk History: How the World's Largest Naval Base Was Built in 6 Months on a World's Fair Site
Local History

Naval Station Norfolk History: How the World's Largest Naval Base Was Built in 6 Months on a World's Fair Site

In 1917, the U.S. Navy needed a major East Coast base — fast. What they found was an abandoned World's Fair site on Sewell's Point in Norfolk, and what they built there in under six months became the largest naval installation on Earth. Here's the story every Hampton Roads resident should know.

May 10, 2026
World War II Came to the Virginia Beach Shoreline — And Vacationers Watched It Happen
Local History

World War II Came to the Virginia Beach Shoreline — And Vacationers Watched It Happen

In the summer of 1942, beachgoers on the Virginia Beach shoreline watched tankers burn just offshore while German U-boats prowled the Atlantic almost completely unchallenged. It's one of the most visceral chapters of World War II — and almost nobody who lives here knows it happened.

May 9, 2026
The Day Two Iron Ships Changed Naval Warfare Forever — 5 Miles from Downtown Norfolk
Local History

The Day Two Iron Ships Changed Naval Warfare Forever — 5 Miles from Downtown Norfolk

On March 8, 1862, a Confederate ironclad steamed into Hampton Roads and sank two Union warships in a single afternoon — the worst naval disaster of the Civil War. The next morning, history changed again. The Battle of Hampton Roads Monitor Merrimack history is woven into the very water Hampton Roads residents live beside today.

May 9, 2026
The 34-Foot Sea Monster on Our Beach: The Story Behind the King Neptune Statue in Virginia Beach
Local History

The 34-Foot Sea Monster on Our Beach: The Story Behind the King Neptune Statue in Virginia Beach

Most locals have walked past him a hundred times without knowing the whole story. The King Neptune statue at 31st Street was cast in China in 120 days, shipped across the ocean, and planted at the edge of the Atlantic — and he's been watching over the boardwalk ever since. Here's the history behind Virginia Beach's most iconic landmark.

May 9, 2026
Norfolk Harborfest 2026: Your Complete Guide to America's Largest Free Maritime Festival
local-interest

Norfolk Harborfest 2026: Your Complete Guide to America's Largest Free Maritime Festival

Norfolk Harborfest 2026 runs June 19–21 at Town Point Park on the Downtown Norfolk waterfront — and this year marks the festival's 50th anniversary. Here's everything families and newcomers need to know about tall ships, fireworks, live music, and three days of free waterfront celebration.

May 9, 2026
Affordability Is the 'Monster' in Hampton Roads Real Estate — Here's What the Numbers Show
Market Update

Affordability Is the 'Monster' in Hampton Roads Real Estate — Here's What the Numbers Show

New construction in Hampton Roads now averages $527,543 — up 10.9% — while sales volume dropped 28%. Here's what those numbers actually mean if you're trying to buy a home you can afford in this market.

May 9, 2026