Exploring the 8 Types of Real Estate in Virginia: A Comprehensive Guide

the 8 different types of real estate in virginia

Welcome to the Hawkins Group, your premier source for expert real estate guidance and advice. As the best real estate agents in Virginia, we’re dedicated to helping buyers, sellers, and investors navigate the complex and ever-changing types of real estate in Virginia.

Virginia is a state that offers a diverse range of real estate options. There are charming historic homes modern luxury condos, mountain houses, and everything in between. Whether you’re looking for a new home, a vacation property, or a sound investment opportunity, Virginia has something to offer.

In this blog, we’ll be exploring the different types of real estate in Virginia that are available while providing expert insights and advice to help you make the most informed decisions possible. From waterfront properties to agricultural land and everything in between, we’ll be breaking down each type of real estate and highlighting the unique benefits and challenges of each.

Our team of experienced real estate professionals has a deep understanding of the Virginia real estate market and is committed to helping our clients achieve their goals. Whether you’re a first-time homebuyer, a seasoned investor, or simply looking to explore your options, we’re here to provide the guidance and support you need to succeed in today’s competitive real estate landscape.

Real Estate in Virginia

  1. Residential Types of Real Estate in Virginia
  2. Commercial Real Estate
  3. Industrial Zones
  4. Agricultural Farms & Ranches
  5. Vacant Land
  6. Special Purpose
  7. Waterfront Homes For Sale in VA
  8. Historic Home Sales in Virginia

Questions about the Real Estate Listings VA

Types of Real Estate in Virginia

1. Virginia Real Estate: Residential Real Estate

When searching for a home for sale in Virginia, it’s important to consider the location, amenities, and community. Virginia has a diverse range of neighborhoods and communities, each with its own unique character and charm.

Some of the most popular areas for home buyers include Northern Virginia, Richmond, and Virginia Beach.

Single-family homes in Virginia are a popular choice for those who are looking for a traditional home with space and privacy. These homes come in a variety of architectural styles, ranging from colonial to contemporary.

If you are looking to invest there are several types of real estate investment opportunities in VA. Townhouses and condos are popular options, particularly in urban areas where space is at a premium. This is by far the most popular type of real estate transaction that takes place.

a pretty brown house is one of the most popular types of real estate in virginia

2. Dynamic Workspaces: Commercial Real Estate

After residential, commercial real estate in Virginia is the next biggest and most dynamic sector. With a range of opportunities for both businesses and investors.

This type includes office buildings, retail spaces, and industrial parks, there are plenty of options available for those looking to establish or expand their business in Virginia. They are typically located in business districts, offering easy access to transportation, dining, and other amenities.

The other type of commercial real estate in Virginia is retail spaces. These range from small storefronts to large shopping centers. These spaces are typically located in high-traffic areas, making them ideal for businesses that rely on foot traffic.

In addition to these traditional types of commercial real estate, Virginia also offers a range of other options. For example, there are many mixed-use properties available, which combine commercial and residential spaces. There are also coworking spaces and incubators available for start-ups and entrepreneurs. This is a complicated sector with more and more businesses moving online every year.

three big building commercial types of real estate in Virginia

3. Industrial Zones: Industrial Real Estate

Industrial zones are next and there are plenty of options available for those looking to establish or expand their industrial operations in Virginia. These types of properties include manufacturing plants, distribution centers, and research and development facilities.

Distribution centers are one of the most important components of industrial real estate in Virginia. They offer easy access to major markets, making them ideal for businesses that need to move goods quickly and efficiently.

These facilities are designed for manufacturing, assembly, and other industrial processes, and they offer a range of options for businesses of all sizes. 

Virginia also has a strong transportation infrastructure, with several major highways, rail lines, and ports that make it easy to move goods and materials.

Research and development facilities are also a key component of industrial real estate in Virginia. These facilities are designed for scientific research, product development, and other specialized purposes and are often found near the state’s best universities.

There are plenty of options available on the MLS listing Virginia site to help your business thrive in this vibrant state.

the docks at the water in virginia. this is special types of real estate in virginia

4. Farms and Ranches: Agricultural Real Estate

We cannot forget about our amazing farmers throughout the state. And Virginia is home to a diverse range of agricultural operations, including livestock farms, crop farms, vineyards, and more. One of the key advantages of agricultural real estate in Virginia is its fertile land. The state has a mild climate and a long growing season, making it an ideal location for a variety of crops and livestock. 

Owing farming land can be a be investment, and Farm, real estate value for 2021 averaged $4,700 per acre. Farmers and investors put their land up for sale every year, if you have been thinking about owning farming land it is one of the best times to purchase.

a beautiful farm with horses

5. The Great Outdoors: Vacant Land

Farming land and vacant land may seem similar, but they are actually very different. Vacant land is an important and often overlooked component of the real estate market in Virginia. One of the key advantages of vacant land in Virginia is its potential for development. Instead of trying to find one of the homes with land for sale in Virginia, you could buy the whole lot and build it yourself.

Whether you’re looking to build your dream home, start a business, or invest in a new development project, vacant land offers endless possibilities for growth and innovation.

Another advantage of vacant land for sale in Virginia is its potential for conservation and preservation. Many organizations and individuals in Virginia are committed to preserving the state’s natural resources and protecting its wildlife habitats, and vacant land can play an important role in these efforts.

There are plenty of resources out there if you are thinking about purchasing or selling any vacant land, we can help you!

6. Unique Spaces: Special Purpose Real Estate in Virginia

Up next is a special purpose real estate in Virginia. And this refers to the types of real estate in Virginia that have been designed and constructed for specific, non-residential uses.  The most common special proposed real estate are public and private schools, hospitals, government buildings, and religious institutions.

Many people love this type of investing because there is a high potential for growth and demand. And on top of that, there are plenty of options available in the diverse and dynamic real estate market of VA.

7. Waterfront Views: Waterfront Real Estate

Virginia has a vast array of waterfront real estate properties along the Chesapeake Bay, the Atlantic Ocean, and various rivers, lakes, and streams. From impressive estates with their own private beaches to cozy cottages nestled along the water’s edge, waterfront homes in VA offer a unique lifestyle and a range of benefits.

Va locals love boating, fishing, swimming, or simply lounging on the beach. You will see that waterfront properties provide an unparalleled level of access to water-based activities and leisure.

In addition to the recreational benefits, waterfront real estate in Virginia can also offer a range of economic benefits. 

Waterfront property for sale in Virginia is always in high demand from buyers and tenants, and they can provide a high return on investment for property owners. And while these types of homes are more vulnerable to natural disasters, the benefits always outway to the additional costs.

There is nothing we love more than showing waterfront homes, let get together and find you the perfect view.

a beautiful patio on waterfront types of real estate in virginia

8. Timeless Charm: Historic Real Estate for Sale in Virginia

VA is a state steeped in history, and the different historic types of real estate in Virginia reflect that. There are stately colonial homes for sale in VA, rustic farmhouses looking to become chic again, and plenty of old warehouses being turned into the hottest brunch spots in town.  

One of the main advantages of historic real estate in Virginia is its unique character and architecture. Many of these properties boast features that are difficult to replicate in modern homes. Such as original hardwood floors, ornate moldings, and handcrafted details. You can get a great deal at historic real estate auctions in Virginia.

Keep in mind that historic properties may require additional maintenance and upkeep compared to newer homes. But they also offer a range of opportunities for customization and personalization that you just don’t building see anymore.

Plus, owning a historic house in Virginia can also provide a range of tax benefits and incentives, which makes them an attractive option for many buyers and investors.

Fort Worth historic types of real estate in virginia

How Much are Houses in Virginia

The price of houses in Virginia for sale can vary depending on various factors such as the location, size, age, and condition of the property, as well as market demand and other economic factors. Property value is always important to keep in mind as well.

As of March 2023, the median home value in Virginia is around $350,000. However, the actual price of houses can range from as low as $50,000 to as high as several million dollars, depending on the factors mentioned above.

It’s important to note that the cost of living in different areas of Virginia can also vary significantly. Homes for sale in southern Virginia such as Virginia Beach and Norfolk can be slightly less than in areas such as Alexandria, Arlington, or Richmond.

It’s always a good idea to do your own research and consult with the Hawkins Group of realtors in VA if you’re looking to buy or sell a property in Virginia.

Real Estate Taxes in Virginia

When you want to buy a house in VA, property taxes are something you should always be aware of. The cost will differ between which city and county you buy in.

Property taxes are a significant expense for property owners in Virginia. Understanding how property taxes are calculated and what exemptions and deductions are available can help you reduce your tax bill. If you have questions about your property taxes, you can take a look here and get a good understanding.


We love helping local residents and people considering a move to Virginia, we invite you to join us on this journey and discover the many unique and exciting opportunities that the Virginia real estate market has to offer. Give us a call today, and our team of the best realtors in Virginia can help you.

Read through our list of services that the Hawkins Group provides and get ready to have your dreams of owning property in Virginia come true!

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