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Called Old Dominion for its loyalty to the British crown, Virginia today is home to more military bases than any other state. Government drives much of its economy, but there is a bit of everything in Virginia for everyone, making it a great state to relocate to. Large industries serve the Army, Navy, and Air Force from Virginia Beach to Washington, D.C. Richmond is largely driven by the state government, and the tech and manufacturing industry is growing quite rapidly. Northern Virginia is seeing some volatility with regard to inventory but has seen prices continue to rise. Home prices average around $575,000 there and should continue to rise at a 3.6% annual clip. In southern and rural Virginia you’ll see more attainable home prices of around $258,000, and growth of 3% in value per year, matching the state average. |