About Virginia economy

According to Bureau of Economic Analysis Virginia gross state product in 2004 was 326.6 billion USD and the average per capita income 35,477 dollars. In 2006 Forbes Magazine declared Virginia as a State, which had the best business environment due to the economic growth, business costs and quality of life.  Virginia’s economy is balanced with different resources (including military installations, livestock and tobacco).

Virginia real estate values

Listing Type Number Median Price Price Change
from Sep
Homes for Sale 61,473 $265,000 -0.6%
New Homes 261 $404,990 -0.7%
Foreclosures 16,321 $273,000 -1.8%

Arizona real estate markets

The most popular real estate markets for the Virginia state are in the following areas:

  • Arlington
  • Cheaspeake
  • Hampton
  • Newport
  • Norfolk
  • Richmond
  • Virginia beach
  • Lynchburg
  • Burke
  • Alexandria
  • Oakton

Bear in mind that the list of Virginia real estate markets may be subject to change due to economic issues.