About Virginia

One of the 13 original colonies, Virginia was the birthplace of eight U.S. presidents more than any other state. The state is filled with historical landmarks, museums, culture, and natural attractions. Virginia is also home to the world’s largest naval base, Naval Station Norfolk, and the world's largest office building, The Pentagon.

With 95 counties, the state is home to many large cities including Richmond, Virginia Beach, Alexandria, and Norfolk. Virginia is also the 12th most populous U.S. state with close to 9 million people.

Major Virginia Cities for Investment Properties 

Real estate platform Clever notes it’s a good time to invest in Virginia because housing prices are expected to rise only 4.1% in 2022, compared to the 9.4% increase in 2021. Here are the top markets Clever recommends:

• Richmond: Virginia’s capital is booming and has an average of 32 people moving there every day. With a median home value of $315,877, Richmond offers an affordable entry point to landlords with an abundance of potential renters.
• Tidewater: Tidewater is the Southwest region of Virginia. The area has a large concentration of military personnel who treat property well and are renters due to the nature of their work. It also has a median home value of $363,416, making it a great market for single-family rentals.
• Alexandria: Less than 10 miles from Washington, D.C., Alexandria is an ideal market for investors with more money to work with. It has a higher median home value of $634,239, yet a steady stream of high-quality renters with strong income.
  

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