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Report to council: Virginia Beach population flat, housing affordability gap widens
Summary
Hampton Roads Alliance analyst Michael Evans told council the city’s population is largely stable (~453,000), net domestic outflows continue, the city is aging and housing supply is skewed to higher‑end units—creating an affordability gap between median sale price (~$418,362) and typical buyer incomes.
Michael Evans, director of business intelligence at the Hampton Roads Alliance, presented a data‑driven overview of Virginia Beach’s population, migration, demographic composition, income and housing trends.
Evans said Virginia Beach’s population is just under 453,000 and has remained relatively flat in recent years, with projection uncertainty through 2030. He noted that in 2022 the region lost population (-2,700) and Virginia Beach recorded a domestic net loss of about 3,700 people, while international migration (foreign‑born population up more than 7% over the past decade) has offset some domestic outflow. Evans…
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