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The number of million-dollar plus homes sold in the Golden State fell for the fourth consecutive year, according to DataQuick.

Just 18,621 million-dollar plus homes sold in California last year, down 23.8 percent from the 24,436 sold in the state during 2008.

Such sales peaked in 2005, when a staggering 54,773 were sold; last year’s total was the lowest sales count since 2002, when only 15,703 were sold.

“Prestige home sales are a unique sub-category of the real estate market,” said John Walsh, DataQuick president, in a release. “The buyers and sellers respond to a different set of motivations. In the multi-million-dollar price ranges, decisions are largely discretionary and aren’t as dependent upon jobs, prices and interest rates the way they are for most buyers and sellers.”

“Traditional million-dollar markets are holding up relatively well, while expensive markets that emerged four or five years ago are not,” he added.

Meaning far fewer million-dollar home sales in areas like Riverside County.

Roughly 1,900 homes previously sold for one million or more sold for six figures; the median price decline between the 2009 sale and the previously $1 million-plus sale was about $420,000, a 35 percent decline.

A Bel-Air home sold for $26.5 million in July was the most expensive sale in the state last year; another 332 homes sold for more than $5 million, 228 sold between $4-$5 million, and 590 sold in the $3 million range.

About 29 percent of the sales were financed with cash, up from 24 percent in 2008; of those who did finance with jumbo loans, the median down payment was 39.4 percent.

Last year, Notices of Default, the first step of the foreclosure process, were filed on 4,925 homes previously sold for over one million dollars.

Trustees Deeds, or homes actually lost to foreclosure, totaled 2,698 on homes previously sold for $1 million plus.

Total California home sales at all price levels increased 16.9 percent last year to 460,166, up from 393,703 in 2008.

Source: thetruthaboutmortgage.com

Apache is functioning normally

There’s renewed fear that another housing crisis is on the horizon because home values are inching closer and closer to their so-called “bubble-era prices.”

However, this line of thinking is flawed for a number of reasons, the most obvious being that it’s now a decade later.

I was reading an article in the Orange County Register, which is certainly housing (and mortgage) central here on the West Coast and perhaps nationwide.

The headline served as a warning, proclaiming a return to bubble-era prices in the ritzy county that’s home to places like Newport Beach and Corona del Mar.

Get Ready for New Highs in the OC

Apparently the median home price rose to $645,000 in the OC last month, its highest point since peaking in June 2007.

As the article points out, the bottom dropped out a month later, thanks to subprime mortgages and bloated home prices.

Over the course of 19 months, the median slipped to $275,000, leading to scores of mortgage delinquencies, short sales, and foreclosures.

The OC is the first Southern California county to reach its pre-recession peak, per data from CoreLogic, with nearby counties such as Los Angeles and San Diego still off 5.5% from their highs.

In more outskirty places like Riverside and San Bernardino, prices are still way off their highs, 23.6% and 28.9% lower, respectively.

Meanwhile, many Bay Area counties up in the north of California are enjoying new all-time highs and have been for some time.

The same is true of other desirable parts of the country, such as red hot Denver, where home prices keep ascending to new heights.

Should We Prepare for Another Crisis?

Now the article says home “buyers are balking at paying these record-level prices,” but only basing that on the fact that Orange County home sales fell 6.5% in April from a year earlier.

It was just one of two year-over-year sales declines in the past 14 months, which CoreLogic analyst Andrew LePage attributes “to a lack of affordability, inventory and mortgage credit.”

Oh, so it’s not necessarily high home prices, but perhaps inventory that’s the problem. Prospective home buyers are still hungry but there just isn’t enough to go around.

The mortgage credit comment is also a headscratcher, given the fact that you can buy a home with just 3% down nowadays. And the average credit score on newly approved loans has been dropping.

That supposed tougher underwriting environment would also mean that the housing market is healthier, with fewer bad mortgages being extended to home buyers at these supposed peak prices.

As mentioned earlier, those bubble-era prices were also achieved about a decade ago. Why does it really matter if we reach them again? Are today’s dollars worth the same amount they were 10 years ago?

Last time I checked, just about everything is more expensive than it was in 2006-2007…I don’t remember a pint of beer setting me back $7-9 back then. It was probably closer to $4-6.

Inflation means today’s home prices may not actually be as high as they were during the previous boom.

Sure, nominal prices (those not adjusted for inflation) might be at or above the prices back then, but real home prices (adjusted for inflation) are still much lower than they once were.

The Current Batch of Mortgages Is Pristine

Oh, and let’s not forget that mortgage rates are a lot lower than they were back then too, and would need to rise significantly to stall home price growth.

That would explain why the Mortgage Debt Service Ratio, which is the the percentage of disposable income that goes toward the mortgage, is at its lowest point since 1980.

That statistic comes from the latest S&P/Experian Consumer Credit Default Indices.

So to get this straight, borrowers are spending the least amount of money on their mortgages in nearly 40 years and home prices aren’t really as high as they appear.

And pretty much every homeowner these days has a 30-year or 15-year fixed mortgage with a super low interest rate that was fully documented during origination (they can actually afford it!).

That sure doesn’t sound like a crisis, even if homes aren’t so cheap anymore. Just practice discretion when home shopping, there are a lot of turds out there that don’t deserve to be priced as they are.

Source: thetruthaboutmortgage.com

Apache is functioning normally

When homebuyers take out a conventional mortgage but don’t have a 20% down payment, they will likely need to get private mortgage insurance. PMI is usually required when the down payment is less than 20% of the home’s value.

In some situations, a lender may arrange for PMI coverage. It then becomes known as lender-paid mortgage insurance. For some homebuyers, LPMI can work in their favor. But for others, having a lender secure private mortgage insurance can end up costing them.

Read on to learn more about LPMI and the pros and cons for homebuyers.

How Does Lender-Paid Mortgage Insurance Work?

Unless 20% or more of a home’s value is paid upon closing, homebuyers can typically expect to be required to purchase private mortgage insurance, or PMI.

While government-back loans tend to have their own insurance programs (for instance, most FHA loans require a mortgage insurance premium for 11 years or the life of the loan), most loans not provided by the government with a loan-to-value ratio higher than 80% require PMI to protect the lender in case of default.

PMI is typically purchased in one of four ways, and it’s a home-buying cost you’ll want to budget for. PMI can be paid:

•   Along with monthly mortgage and insurance payments

•   In one annual premium

•   With one large payment and corresponding monthly payments

•   By the mortgage lender in a LPMI policy

While it may seem that the last option, LPMI, eliminates a task on a homebuyer’s to-do list, there is some fine print to be aware of.

Having LPMI for a loan doesn’t mean the cost is absorbed by the lender. A homebuyer will still pay for the coverage in one of two ways:

•   A one-time payment due at the beginning of a loan.

•   A slightly higher interest rate — usually 0.25% — which increases the monthly mortgage payment. This is the more common arrangement of the two.

So while many homebuyers accept an LPMI arrangement in hopes of saving money, that isn’t automatically the case. Sometimes LPMI is more about convenience than savings.

In fact, unless they’re paying a one-time lump sum, homebuyers could end up spending more for LPMI over the life of their loan than if they had chosen a traditional PMI route. That’s a potential home-buying mistake you’ll want to avoid.

LPMI might be a good choice for a homebuyer planning to keep the mortgage for five to 10 years or stay in the home. It usually takes 11 years to build enough equity to cancel a borrower-paid PMI policy.

Recommended: How to Get a Mortgage in 2023

A Pro of LPMI

Before a homeowner writes off lender-paid mortgage insurance altogether, it’s best to look at a potential benefit the arrangement offers over traditional monthly mortgage insurance.

More Affordable Monthly Payment

With LPMI, the monthly payment could be more affordable because the cost is spread out over the entire loan term rather than bunched into the first several years.

Here’s an example. If Sarah buys a home with a 10% down payment and it takes her 10 years to get the loan-to-value ratio down to 78% (a lender automatically drops PMI payments at this percentage if the borrower is in good standing), those 10 years of payments could all include several hundred dollars in addition to her premium and interest payments.

While LPMI may not save Sarah money overall, she may have smaller monthly payments because the additional payments for coverage are stretched out equally over the entire life of her loan rather than the start.

… and Potential Cons

In the right situation, LPMI can make sense. But there are potential downsides homebuyers should know about as well.

Rate Never Drops

While having mortgage insurance stretched out over the life of a loan can save some homebuyers money, it can cost others. The higher interest rate — as mentioned, a 0.25% rate increase is common — will never drop, even once the loan balance is less than 80% of a home’s purchase price.

LPMI can end up costing homebuyers more than if they had bought PMI on their own. Much depends on how long the borrower expects to hold the mortgage.

Refi Costs

Some homebuyers navigate toward LPMI because of the initial savings and hope they can refinance in the future.

While this may be a possibility, they must consider the sizable out-of-pocket costs that go along with refinancing, and that refi rates may be higher in the coming years.

No Itemizing

LPMI can’t be itemized if you deduct mortgage interest at tax time.

PMI vs LPMI

There are several numbers to take into consideration when choosing between traditional PMI and LPMI, including:

•   the down payment

•   remaining mortgage

•   interest rate (for LPMI, a 0.25% rate increase is common)

•   average mortgage insurance rate (PMI is typically 0.5% to 1.5% of the loan amount per year)

•   anticipated life of the mortgage loan

•   monthly budget.

A borrower may want to not only consider the monthly payment but also the lifetime loan costs.

The difference between PMI and LPMI is different for every homeowner and situation. Taking the time to crunch the numbers is the only way to fully understand the pros and cons of each option.

LPMI Alternatives

LPMI isn’t always the clear winner when choosing between mortgage insurance options. There are alternatives to consider.

Put More Down

A down payment of at least 20% will eliminate the need for PMI entirely. There are several other benefits that go along with larger down payments as well, such as a better loan rate, making this a great option for those who can afford it.

Shop Around

One main disadvantage of LPMI is that the homeowner has little to no control over the price and provider. So when homeowners are responsible for their own PMI, shopping around for the best price becomes an option.

Piggyback Mortgage

A piggyback mortgage makes it possible to avoid PMI with a combination of loans.

It’s important to understand the pros and cons of a piggyback mortgage before deciding on one as an alternative to LPMI to avoid potential financial pitfalls.

Recommended: Second Mortgage Explained: How It Works, Types, Pros, Cons

The Takeaway

If mortgage insurance is necessary to secure a loan, understanding all the options is the first step any house hunter should take. This includes lender-paid mortgage insurance vs. PMI. While LPMI may serve as an overpriced convenience for some, it can be the financially smarter option for others.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.

SoFi Mortgages: Simple, smart, and so affordable.

*SoFi requires PMI for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Minimum down payment varies by loan type.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

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Source: sofi.com

Apache is functioning normally

From its picturesque great outdoors to the good quality of life, Virginia is an ever-popular East Coast state to live in. While cities like Arlington in the Washington, D.C., metro area are infamous for the high cost of living, many renters are taking notice of Richmond.

Located in the eastern part of the state along the James River, Richmond played a key role in early American history. As such, locals are constantly surrounded by reminders of that history, from charming older buildings to historic sites. While history is important, Richmond is very much a bustling, modern city, as well.

As the state capital, politics, law and finances are major industries in the local economy. It’s also a well-regarded city for business thanks to the presence of multiple large corporations and Fortune 500 companies. From a booming craft beer scene and fantastic dining to ample outdoor recreation opportunities along the James River, Richmond appeals to a wide range of renters.

With an overall cost of living 2.9 percent lower than the national average, it’s also one of the more affordable big cities to call home in Virginia. Let’s take a closer look at how the cost of living in Richmond breaks down from housing to healthcare.

Richmond housing prices

With housing costs in Richmond being 10.8 percent below the national average, it sits at roughly the midway point for housing prices around Virginia. Renters can find more affordable cities like Roanoke, where housing is 16 percent below the national average. But, housing costs in cities in the Washington, D.C., metro area soar high above the national average. Housing prices in Arlington are 120.9 percent above the national average. This makes Richmond a good middle point.

Housing costs in Richmond have only gone down by 0.1 percent over the past year, so there’s been little significant change in housing prices since the previous year. The price of renting a one-bedroom apartment has gone up 10 percent from last year to $1,484. Two-bedroom units have only gone up 7 percent to $1,745. Renters also have a wide variety of cool neighborhoods to choose from.

If you want to buy a house in Richmond, the housing market has gone up 17.6 percent over the past year. Potential homeowners here can expect a median sales price of $345,000. Compared to the national median sale price of $406,074, it’s a good housing market to keep an eye on.

Food prices

Blending both Southern and New England culinary influences and ingredients, Virginia is a fascinating state from a foodie perspective. You can find great Southern-style dishes like country ham and barbecue, as well as terrifically fresh and delicious seafood. The state is also known for its agricultural output of tomatoes, apples and peanuts. Thanks to being located between the mountains and the ocean, Richmond’s food scene has access to the best of both worlds, getting farm-fresh produce and seafood for its markets and restaurants. Richmond has even been hailed for its under-appreciated food scene and craft breweries.

Food costs in Richmond are 4.7 percent below the national average, which has gone up 3.8 percent from the previous year. To give those numbers some context, here’s what you can expect to pay for some basic food items when you go grocery shopping in Richmond. Buying a dozen eggs costs $1.24, a half-gallon of milk is $2.06 and a pound of ground beef is $5.29.

Food prices here are definitely more affordable than shopping for groceries in Arlington, where a half-gallon of milk is $3.14 and a dozen eggs cost $2.53.

Utility prices

Living in Richmond, you’ll get to experience all four seasons. Summers are hot and humid, and while winters aren’t as frigid as elsewhere in the region, it still gets pretty cold. Snow is also a common occurrence during the winter months.

This means you’ll need to use either heating or air conditioning throughout the year to cope with the elements. As such, utilities are one of the few cost-of-living areas in Richmond that are above the national average.

The cost of utilities here is 4.5 percent above the national average and has gone up 1 percent over the past year. Although your energy bill may vary throughout the year depending on the weather, the average monthly energy bill is $198.52. This is on the high side for Virginia. In Arlington, you’d pay around $172.21. But, it’s also not the most expensive either. Monthly energy bills in Lynchburg come out to around $217.20.

Transportation prices

With its compact, historic city center and riverfront parks, Richmond is a decent city to explore without the aid of a car. The city boasts a walk score of 57 and a bike score of 55. While certain districts are easy to navigate on foot or bike, you still may need a car or use mass transit to access the entire city.

Transportation costs in Richmond have gone up 4 percent over the past year, currently sitting 2.2 percent below the national average. Using a car around Richmond, you’ll need to know of the city’s toll roads. These include the Downtown Richmond Expressway, the Boulevard Bridge and the nearby Powhite Parkway on the outskirts of the city. There’s also the Pocahontas Parkway, as well. Toll rates vary depending on route and distance and you can pay with an E-ZPass or online.

If you don’t have a car, you can use the Greater Richmond Transit Company (GRTC) which offers bus service around the city and surrounding counties of Chesterfield and Henrico. Riders have 37 different routes to choose from. Until further notice, GRTC is a zero-fare service, offering completely free rides.

In addition to the city and county-wide routes, riders can also use the GRTC Pulse, a rapid transit system offering fast and frequent service in the city center.

Healthcare prices

Virginia is consistently ranked among the top states for healthcare. Even if healthcare prices here are above the national average, you can expect to receive top-tier care. In Richmond, average healthcare costs are 3.2 percent above the national average and have gone down 1.7 percent from last year.

It’s important to note that average healthcare costs are very subjective since everyone has different healthcare needs. So, prices are higher or lower for some people. Still, it’s a good idea to have a rough idea of what healthcare prices are like in a particular city.

In Richmond, going to the doctor’s office costs around $149.27. A dental check-up will set you back $103.42 and a visit to the optometrist is around $116.90. Over-the-counter meds like ibuprofen cost roughly $10. Without the aid of insurance, prescribed medications cost around $455.59.

Similar to other costs of living categories, healthcare costs in Richmond are pretty middle-of-the-road. In Arlington, a doctor’s visit costs $162.50. But, in Roanoake, it will only set you back $106.50.

Goods and services prices

Along with housing, food and utilities, miscellaneous goods and services are an important part of every monthly budget. It covers necessary services or items you get on a semi-regular basis, like haircuts or going to the dry cleaners. But, it also covers the fun, out-on-the-town activities like going to the movies or getting pizza.

In Richmond, the cost of assorted goods and services is 2.6 percent above the national average. This has only gone up 0.3 percent from last year.

If you need to get your haircut, the average cost is around $23.57. A trip to the dry cleaners will set you back roughly $14.21. Want to go to the movies? Expect to pay around $11.84 for tickets.

Once again, the costs of miscellaneous goods and services in Richmond hit a middle point with other cities. Movie tickets in Roanoake would be around $10.49 and $15.73 in Arlington.

Taxes in Richmond

Virginia’s state sales tax rate is 5.3 percent, but most cities around the state add their own sales tax on top of the statewide rate. In Richmond, the sales tax rate is 6 percent. For every $1,000 you spend in Richmond, you’ll spend an additional $60 on top of that in sales tax.

This is slightly more expensive than most other places around the state. The sales tax in most locations around Virginia is 5.3 percent.

How much do I need to earn to live in Richmond?

With its charming neighborhoods and reasonable cost of living, Richmond sounds like a great place to live right now. But, how much do you actually need to make to comfortably live here?

Typically, your biggest monthly expense is your housing costs, like rent. Experts recommend that you only spend 30 percent of your monthly income on rent. That way, you have plenty left over for other essentials like food, utilities, savings and more. Since the average rent for a one-bedroom apartment in Richmond is $1,475, you’d need to make about $4,900. That comes out to $58,800 annually.

Richmond has a median household income of $51,421. With that in mind, some renters may need to look for options in more budget-friendly neighborhoods or exceed the 30 percent rule.

To see what you can afford to pay in rent, plug some numbers into our rent calculator to make some quick and handy calculations.

Free things to do in Richmond

Even though Richmond boasts an overall reasonable cost of living, it never hurts to take advantage of the free things to do around town. After all, enjoying your city and everything it has to offer shouldn’t always come with the expectation of spending money.

Richmond has a rich and vibrant past that you can learn about for free at historic sites like the Richmond National Battlefield Park or the St. John’s Church. Plenty of museums also offer free admissions, like the Richmond Railway Museum and the Virginia Randolph Museum. Art lovers can also check out the Institute of Contemporary Art to view its eclectic collection or explore free art galleries like Artspace.

Spending time outdoors in nature is a big part of life here. In parks like the Dutch Gap Conservation Area, Larus Park and Robious Landing Park, you can enjoy hiking, water sports and other outdoor recreation activities.

Living in Richmond

Richmond shows that you live in a nice, mid-sized city in Virginia without it breaking the bank. While their reasonable cost of living is a major incentivize to live here, the diverse cultural offerings, great dining and outdoor access come together to make a well-rounded place to call home.

The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of October 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Source: rent.com

Apache is functioning normally

In a perfect world, we would all have enough money to cover all of our expenses and major purchases upfront. I don’t know about you, but unfortunately, that’s not the world I live in. 

Although I am fairly financially savvy, installment loans are still a part of my money strategy. After all, like most people, I didn’t have enough money to fund my largest purchase yet – my first home – without taking out an installment loan. 

If you are in the same boat as me and unable to cover a major purchase of your own, then it might be time to consider an installment loan. But what is an installment loan, and how does it work? 

Luckily for you, I’ll cover everything you need to know below. 

What’s Ahead:

What is an installment loan?

An installment loan is simply a lump sum amount of funds that you can use to make a purchase. After you take out the loan, you’ll need to make regular payments over the loan term to repay it. 

The regular payments are called “installments.” Hence the term “installment loans.”

How does an installment loan work?

When you are approved for an installment loan, you’ll receive a lump sum payment upfront. In some cases, you’ll receive the cash to spend as you wish. In other cases, the lender may send the funds directly to cover the purchase.

After the funds are dispersed, you will be required to make payments at regular intervals in set amounts. The regular payments will include the principal you owe on the loan, plus the interest payments. In most cases, you’ll make monthly payments, but the payment schedule can vary based on the lender. 

The regular payments will continue for the duration of your loan term. The loan term is the amount of time that you agreed to when you signed the loan documents. For example, you might have a loan term of 12 months for a small personal loan or 30 years for a home purchase. 

Installment loans vs. revolving credit options

The two major types of borrowing options are installment loans and revolving credit. 

Like I’ve discussed, installment loans are attached to set loan terms. After you receive the upfront loan, you’ll make regular payments for the duration of the loan term. The payment amount will not fluctuate over time. 

Unlike an installment loan, revolving credit is associated with an open line of credit. You’ll be able to make charges against the credit at any point, up to a specified credit limit. With that, you will find that the monthly payments vary dramatically and can be difficult to budget for. However, you’ll have the convenient ability to borrow more when you need it. 

A great example of a revolving credit option is a credit card. You can open a credit card and receive a credit limit. You’ll be able to make charges throughout the month, but when your bill comes, the total amount due will vary based on your charges made that month. 

Secured vs. unsecured installment loans

Installment loans come in the form of both secured and unsecured loans. 

Unsecured installment loans do not require collateral of any kind. With that, you will not be required to attach any of your assets to the loan. However, the lack of collateral can make these loans more difficult to qualify for. 

Secured installment loans include mortgages and auto loans. A secured loan requires that you put up an asset as collateral for the loan, which the lender has the right to take if you default on the loan. 

In general, secured installment loans will have better interest rates available. But unsecured installment loans come without the risk of losing an important asset, like your home or vehicle. 

What can installment loans be used for?

An installment loan can be used to cover a wide range of purchases. A few examples of installment loans include personal loans, mortgages, and auto loans. 

With that, you can use an installment loan for many different types of purchases. For example, a personal loan can be used to consolidate debt, upgrade your home, pay for a wedding, cover an unexpected medical bill, and more. 

Pros and cons of installment loans

As with every financial product, there are some advantages and disadvantages to keep in mind as you consider installment loans. 

Pros of installment loans

  • Predictable payments. A regular payment can be easier to budget for and you won’t have to worry about a surprise bill along the way. 
  • Finance a major purchase. Most of us can’t afford to fund a major purchase in cash. An installment loan can help you make the purchase and commit to an affordable payment plan. 
  • Possibility to pay off the loan early. If you are able to, then you could save money on interest payments by paying off the loan early. Keep an eye out for early prepayment penalties if this is an option you want. 
  • Potential to build your credit score. If you can make on-time monthly payments for the course of the loan, your credit score might improve. 

Cons of installment loans

  • Potential to overborrow. An installment loan is disbursed at one time. You’ll need to know exactly how much you need upfront or risk overpaying. 
  • Potential to damage your credit score. If you miss payments, then you could hurt your credit score.
  • May have high interest rates. If you have bad credit, you may struggle to find a loan with low interest rates. 
  • Sneaky loan fees. Watch out for origination fees and prepayment penalties that could increase the overall cost of your loan. 

Who should (and shouldn’t) use installment loans?

Who should use installment loans?

If you have a good credit score and a reliable income, then an installment loan could be a good fit for you. 

Even though you may not have the savings to cover a major purchase, your good credit score can help you get an attractive interest rate on your loan. Plus, if you have a reliable income, then you can confidently commit to your regular payments. 

Who shouldn’t you use an installment loan?

If you have bad credit or an unreliable income, an installment loan is probably not the right fit for you. 

Unfortunately, a bad credit score will likely mean a higher interest rate for your loan. Those interest payments can add up quickly and make it difficult to keep on top of monthly payments! Instead of trying to get an installment loan now, take some time to boost your credit score. The effort could save you big time!

If you don’t have a reliable income, then an installment loan might not be a good fit. The regular payments could become a burden if you aren’t sure what next month’s income will bring. With that, you may want to hold off until you have built a strong emergency fund to ensure you can cover the costs even with a bad-income month. 

What to look for in an installment loan

Have you decided that an installment loan is the right choice for your situation? It’s important to shop around for the best deal before you commit to a lender. Here’s what you should look for in your search:

  • APR. The APR attached to an installment loan is a critical factor. A lower APR will help you minimize the costs of the loan. 
  • Fees. Most lenders will have fees associated with their installment loans. Take these fees into account as you determine the best loan option for you and how it will fit into your budget.
  • Loan terms. How long do you want to make payments on this loan? 
  • Autopay. Lenders that offer autopay options can help you save money due to fees charged for missed payments. If you want to set it and forget it, then check that the lender offers this option. 

Summary

An installment loan can help you cover the costs of a major purchase. Although the details of each loan will vary, you will be able to make set payments on a regular schedule. That’s a lifesaver for any budget!

Take the time to shop around for the right lender to ensure the lowest costs and necessary features for your situation. 

Read more:

Source: moneyunder30.com

Apache is functioning normally

Did you realize there are only 10 days and counting! ’til Christmas? Holy, Santa Claus! If you don’t want to get caught rushing to the store on Christmas eve – we’ve been there, it’s not so fun – now’s your chance to get that last second holiday shopping in while online retailers are guaranteeing shipping before Christmas Day. There’s really nothing more fun that finding the perfect gift – in your PJs, glass of wine in hand!

If you’re having trouble figuring out what to get that someone special on your list?? We’ve got you covered! We’ve found the perfect little something for your dapper dude, your fashion savvy bestie, for your mom, your dad and the new mama in your life! We can say with confidence that if any of these pieces landed under our trees we’d be thrilled!

Get Your Gifting On:

> For The Mixologist: Brass Cocktail Stirrers
> For Her: Cashmere Beanie
> For Him: Stripe Cashmere Scarf
> For Dad: Concrete Shaving Set
> For The Host: Cookies ‘n Cream Bark
> For Baby: Organic Christmas Tree One-Piece
> For Mom: Plaid Shearling Slippers
> For The Gardener: Copper Gardening Tools

Still need more ideas? We’re banking all our best giftables on Pinterest right here. I particullary love

> A perfect find for the home decor obsessed
> A super cute scarf for your sister
> A chic mug for the coffee lover
> Beautiful bookends for the big reader in your family
> Lovely bakeware for the home cook
> A cool backpack for the world traveler
> The must-have cookbook of the season

[show_shopthepost_widget id=”453579″]

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Source: apartment34.com

Apache is functioning normally

Orlando is known for ideal weather year-round, great nightlife and, of course, theme parks, including Disney World and Universal. While these highlights rightfully make Orlando one of the United States’ top tourist destinations, there are a number of other attractions that make Orlando an entirely unique city with something to offer everyone.

Enjoy this selection of Orlando hidden gems and hit the town with a plan in mind to find those top-tier spots that have flown under the radar, until now, that is.

Source: facebook.com/susuruorl

Under-the-radar restaurants in Orlando

While not primarily known as a food town, Orlando is bursting at the seams with culinary innovation and low-key spots for delicious bites.

SUSURU

Topping that list of underrated restaurants in Orlando is SUSURU. This Lake Buena Vista area Japanese restaurant is brimming with nostalgic decor and famous for its unique cocktails and unparalleled ramen.

TORI TORI

TORI TORI is a Japanese pub in the North Quarter area that fuses modern and traditional elements of Japanese culture and cuisine. Known all around Orlando for its crab fried rice and Yakitori chicken skewers, TORI TORI should be at the top of your list on your next visit to Orlando.

Hunger Street Tacos

Hunger Street Tacos is a hip Winter Park hangout with mural-adorned walls featuring culturally relevant messages and entirely unique artistry. Pair that with some of the most authentic tacos in the Winter Park area, and you’ve got yourself a winning combination.

Maxine’s on Shine

If you’re in the mood for something with a truly local Orlando vibe, check out Maxine’s on Shine. Whether you’re looking for weekend brunch, live local music or just a solid spot to kick back and enjoy some casual eats, make your way to Maxine’s on Shine and you won’t be disappointed.

Kai Asian Street Fare

Kai Asian Street Fare offers up some of the best Vietnamese, Thai and Korean flavors in Orlando. An unassuming but modern stop ideal for quick bites, Kai Asian Street Fare is best known for its wings, ramen and garlic noodles. Stop in and sample as much of the menu as you can. You won’t regret it.

The Ravenous Pig

The Ravenous Pig serves up modern American food in an elevated industrial setting with a beer garden out back. If you’re looking for charcuterie, steak frites and ice-cold beer brewed in-house in the Winter Park area, look no further than The Ravenous Pig.

Reyes Mezcaleria

Reyes Mezcaleria features soaring ceilings, modern decor and an outdoor patio that’s second to none. But you’re not just going for the ambiance, right? It’s all about the food and their happy hour deals and boozy brunch offerings will have you coming back for more.

The Hall on the Yard

The phrase “a little something for everyone” was made for Orlando’s Hall on the Yard. This large yet chic space features nine unique restaurants, five event spaces and three cocktail bars with some of the most skilled mixologists and bartenders in Central Florida. This dog-friendly locale is big on aesthetics and the perfect spot to watch a hot Orlando afternoon turn into a beautiful Florida evening.

Source: facebook.com/hansonsshoerepair

Four great bars in Orlando

When it’s time to unwind, these are a few of the best spots for craft cocktails, cold beer and cool vibes in Orlando.

Hanson’s Shoe Repair

Hanson’s Shoe Repair is a stylish speakeasy near Thornton Park. This hidden gem features a stunning patio area, perfect for enjoying an artisan cocktail, or two. Hanson’s Shoe Repair does require a password for entry. We’ll leave it up to you to figure out where to find it. Your efforts will be worth it though as Hanson’s boasts one of the best atmospheres in the city to enjoy a drink.

The Woods

The Woods is a craft cocktail and whiskey bar located in the heart of Downtown Orlando. Known around town for its artisanal drinks, large craft beer selection and inviting ambiance. The Woods also hosts cocktail classes on occasion to help locals up their mixology skills and impress their friends.

Wally’s Bar and Liquors

Wally’s Bar and Liquors has been in the Colonialtown North area since the mid-1950s and Orlando locals have been flocking in for stiff drinks and great tunes in steady streams since then. If you’re looking for a casual dive with great prices and better people, Wally’s is your place.

Mathers Social Gathering

Mathers Social Gathering offers up vintage cocktails made with top-shelf boutique spirits in an upscale but not stuffy setting. The expansive interior features a picturesque bar, rustic brick walls and classic leather couches.

Be sure to check out their social media before you go though, this bar does have a dress code.

Source: facebook.com/craftandcommon

The best independent coffee shops in Orlando

Few things in life are more important than staying properly caffeinated. Looking for a place to find your next pick-me-up? Look no further than these four locally-owned Orlando coffee shops.

Craft & Common

Natural light, lush greenery and some seriously talented baristas, what more could you want in a coffee shop? Craft & Common is located in Orlando’s Central Business District and it delivers on all three of those desirables listed above. Stop in for a specialty coffee creation, a quick bite or settle in for the afternoon and stay a while.

Cups and Pups Coffee

Dog owners need coffee, too. No one believes that more than the owners of Cups and Pups Coffee, a dog-friendly coffee shop in College Park. While they do have a brick-and-mortar, the Cups and Pups team specializes in mobile-catered events and cold brew delivery. Whether you need a pick-me-up on your morning walk with the hound or are looking to caffeinate a crowd at your next event, Cups and Pups should sit at the top of your list.

Qreate Coffee + Studio

Creative types and coffee just go together like peanut butter and jelly. Qreate Coffee + Studio aims to be the first place creatives think of when they need that extra cup of go-juice to make it through the day. Qreate is the perfect place to spend a day working remotely, meet up for a group project or just kick back with a good book and watch the people go by. Regardless, if you find yourself at Qreate Coffee + Studio, you’re in for a good day.

Stardust Video and Coffee

Coffee, tea and DVDs! What more do you need? Stardust Video and Coffee is the Orlando area’s premier hipster hangout and it offers visitors much more than the three things listed above. Stardust serves up delicious food on a daily basis, boasts an enticing outdoor sitting area and features live shows weekly. If you’re looking for a cool place with an eclectic and exciting vibe, Stardust is your spot.

Source: facebook.com/LiveAtTheSocial

Live entertainment in Orlando

Orlando may be known for its theme parks, but when it comes to seeking out live entertainment, there are plenty of options that go beyond the Universal brand.

The Social

The Social is the perfect indie club to catch some live music in Orlando. Wood floors, brick walls and a great stage, what more could you ask for? Stop by for a show and enjoy the welcoming atmosphere anchored by an incredible staff.

SAK Comedy Lab

SAK Comedy Lab is a small improv comedy theater that features everything funny from child-friendly to adult shows. The talented group of performers on stage at this 250-seat theater make for the perfect pitstop for any comedy lovers visiting or living in Orlando. If you’re looking to try out improv in the Orlando area, they also offer classes, just saying!

Will’s Pub

A longtime local favorite, Will’s Pub has pool tables, a great beer selection and live performances seven days a week. This place may not have all the frills you’d find out around Lake Nona but it’s unmatched when it comes to charm, character and an ever-rotating selection of stage talent. Stop by and enjoy the classic beer decor while some of Orlando’s top artists showcase their skills.

Grumpy’s Underground

Grumpy’s Underground may be small but it’s also mighty. Featuring live performances of all types from acoustic nights to dueling DJs to open mic comedy to karaoke and more, Grumpy’s Underground is the place to go when you’re looking to live it up in Orlando with your friends.

Source: facebook.com/pages/OrlandoUrbanTrail

Outdoor activities around Orlando

You didn’t come to Orlando to stay inside, right?

Orlando Urban Trail

The Orlando Urban Trail is a recreational path that spans a good portion of the city. Known as the spine of Orlando’s trail network, the Orlando Urban Trail runs from Lake Highland to Mead Garden and connects to multiple parks, lakes and even other trails along the way.

Leu Gardens

If you’re looking for a peaceful place to enjoy a beautiful day out near Rose Isle, look no further than Leu Gardens. Locals will tell you it’s easy to get lost in the Gardens for an entire afternoon, and they’re not wrong. With stunning displays of flowers and lush, diverse greenery, Leu Gardens is a must-see.

Get Up and Go Kayaking

There’s no better way to experience the Winter Park chain of lakes than from atop a clear kayak. Get Up and Go Kayaking provides tours through the clear lake waters around Winter Park and uses clear kayaks to allow paddlers the ability to see directly below themselves. Schedule your tour and experience all the natural beauty these stunning waters offer.

Fox Valley Farm and Hopyard

If you’re the type that thinks nothing pairs better with the great outdoors than a cold beer, Fox Valley Farm and Hopyard is the place for you. Located about thirty minutes outside of Orlando in neighboring Apopka, this family farm hosts events and sells the fruits of their land alongside homemade goods. Check out their 14,000+-square-foot hopyard today.

Orlando is calling

It doesn’t matter if you’re a longtime Orlando local or visiting for the first time, with an emerging small business scene and places like the ones listed above lifting the city up, the future is looking bright for Orlando. Now is a great time to make yourself a part of that future.

Source: rent.com

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The time has come. You’ve found the perfect apartment, assembled all the necessary documents, filled out the completed rental application, paid the application fee and submitted everything. You meet all the qualifications and you’re certain you’re a shoo-in to get approved. But, then…nothing. Radio silence. You’re left in the dark, waiting to hear back from the landlord about whether they approved your rental application or not.

While it’s frustrating, there are valid reasons why your rental application may take longer to approve. Knowing what those factors or reasons are lets you prepare in advance to avoid them, thereby speeding up the process and getting you approved for an apartment faster.

Why is the property manager taking so long with the rental application process?

How long does it take to complete the application process? There are numerous factors that go into a rental application taking more or less time to approve. Primarily, it’s because your potential landlord needs to verify or confirm a lot of information. But, some of that information may take longer to verify.

If you’re waiting and waiting to hear back from a landlord about whether you’ve been approved for an apartment or not, these are the most likely reasons for the delay.

1. You didn’t fill out all the information or provide the necessary documents

If you didn’t completely fill out the rental application with all the necessary information, the landlord will need to reach out to you for the missing information. It slows the rental application process down, and it doesn’t leave the best impression on the landlord. When filling out the rental application, completely fill in all the different sections. Most important of all is to include identifying personal information like your name, current address, contact information and Social Security Number. After you’ve completed the rental application, read back through it to make sure you didn’t miss anything.

Similarly, not providing the right supporting documents slows the landlord down. They need the correct documents like your SSN and driver’s license number in order to run a background check on a potential tenant.

2. Running background and credit checks

Either working through an agency or independently, landlords need to run background checks on prospective tenants. It’s one of the fastest ways to verify all the key information like identity verification, monthly income and if you have a criminal record. If any essential information is missing from the initial application, the landlord, property management company or background check company will take longer to find and confirm that missing information.

If the property manager needs your credit report, make sure that you don’t have a freeze on your credit when they run a credit check. They’ll have to reach out to you to remove the freeze in order to check your credit score and credit history. While removing the freeze is relatively straightforward, it still wastes valuable time.

If you have bad credit, that also slows down the process. You’ll likely need to bring a co-signer or co-applicant on board in order to move forward.

3. They’re confirming your employment history and income

During the apartment rental application process, landlords reach out to your employers. In addition to verifying your employment status, place and length of employment and income, employers are great character references.

If landlords are held up at this step of the process, it’s likely because they’ve run into issues attempting to contact your place of current and previous employment. They may have a hard time getting in touch with your boss. If you’re in the process of applying for a new apartment, let your employer know. They can look for a call or email from the landlord and will know to answer in a timely manner.

4. It’s taking them time to confirm your rental history

Similar to digging into your employment history, landlords also explore your rental history report to ensure you’ll be a good tenant. Typically, they’ll reach out to your past landlords. They’ll ask your previous landlords to confirm your previous addresses and get a sense of how you are as a tenant, such as if you have any issues with paying rent on time. You’ll likely need to provide contact information for at least two prior landlords or a leasing office to contact. If you owned a home in the past, they may even want to contact the real estate agent.

Make sure your past landlord knows to expect a call regarding your rental history. That way, your potential landlord doesn’t have to chase down your landlord references. Keeping everyone informed about the process speeds up the approval process.

They’ll also look into whether you’ve had any evictions or dealings in landlord-tenant court.

5. They need to verify your income

In order to get approved for an apartment, the landlord needs to make sure you can comfortably afford to pay rent, as well as your other financial necessities. That’s why most landlords require a gross monthly income three times greater than the cost of monthly rent. In your initial application, you should have submitted several months’ worth of pay stubs, bank statements or proof of annual income like tax returns.

In some cases, the pay stubs or bank statements you provided aren’t enough proof of income. They’ll let you know that you need to provide additional income verification materials. If you have a non-traditional job like a freelancer, you’ll likely need to provide more background financial information.

6. They’re getting in touch with your references

Along with your ex-landlords and employers, some landlords like to hear from your friends and colleagues during the rental application process. It sheds light on you as an overall person, vouching for your reliability, stability and personality.

Before submitting the name of someone you know as a character reference, ask for that person’s permission first. Then, let them know approximately when they can expect to hear from the landlord.

7. They need additional documents or materials to move forward

A landlord will need to hit pause on your rental application if they need more verification. They’ll reach out to you to let you know exactly what else they need to move the approval process forward.

Try to get them the documents or materials they need as soon as possible to reduce the delay.

8. They’re approving your co-applicant or co-signer

If your credit report turned back a bad credit score or your monthly income isn’t high enough, you might not have everything it would take to get approved. But, the landlord can move forward if you have someone like a family member act as a co-signer. Your co-signer or co-applicant needs better financial standing than you, with a better credit score, income and assets.

Your co-signer will still need approval, as well, though. So, it may take anywhere from a few hours to an additional day or so to approve your co-signer.

9. Your payment didn’t clear

It’s embarrassing, but it happens. You could overdraw your account by paying the processing fee or trying to put down a security deposit.

Have all your money set to go to avoid this mishap, which may sour the landlords’ impressions of your finances.

How long does an application take for an apartment?

Typically, the apartment application approval process should take between 24 and 72 hours. But, if you’re dealing with any of the above delays in processing, the time to process rental applications could stretch longer.

If you submitted your application late in the day or on a Friday, the rental application won’t move forward until business hours start again. Submitting your application early in the week or the day sets you up for success and avoids delays.

However, if you’ve done your research and submitted all the right materials at the right time, getting approved for an apartment could take only a few hours.

How can I speed up my apartment application?

With rental properties being snapped up faster than ever, having your rental application held up puts you at risk of losing that dream apartment. Here’s how you can speed up the process of getting approved for an apartment and avoid delays.

1. Complete the rental application with all the necessary information

Make sure you’ve completely filled out all the sections of your rental application. Don’t leave any sections blank and ensure all vital information like your name and SSN are clearly listed.

2. Have all your documents ready

Have originals and copies of all supporting documents ready to go so the landlord doesn’t need to chase them down or contact you again and again.

3. Have proof of income

The more proof of income you can provide, the better. The further back it goes, the steady stream of income shows reliability and dependability. That’s why you should have at least two to three months’ worth of pay stubs ready to go.

If you’re a freelancer or work a less conventional job, have additional income documents going back several months, as well.

4. Have a co-signer ready, if necessary

If you suspect you may need a co-signer in order to get approved, ask someone in advance so they can quickly hop on board if the need arises.

How long does it take for an apartment application to get approved?

Having your application held up in processing puts you at risk of losing the apartment you wanted. The more prepared you are, the faster you could be in the dream rental property.

Zoe Baillargeon is an award-winning writer and journalist based in Portland, Oregon, where she covers a variety of beats including travel, food and drink, lifestyle and culture for outlets like Apartment Guide, Rent., AFAR.com, Fodor’s, The Manual, Matador Network and more. In her free time, she enjoys traveling, hiking, reading and spoiling her cat.

Source: rent.com

Apache is functioning normally

So, I’m not quite sure how this all happened, but in approximately eight short! weeks, there’s going to be a very small human in the loft! And I’m kinda freaking out about it. After soaking up every one of the 72 glorious babymoon hours over the weekend, reality is now crashing down around me. It’s officially time to turn our attention to the to-do list. Diapers, bottles, something for the little thing to wear, maybe something for it to sleep in…yeah, I’ve really gotta get on all that.

But of course, rather than concern myself with practical issues like what a breast pump actually does, I’d rather focus on the aesthetics of it all! On the tippy top of my list is figuring out how to incorporate a baby into our physical space. There’s certainly no room for a nursery where all baby-related items can live behind a closed door. It’ll be a good long while before our new house will be done and I can have a space like this:

For the time being, I’m going to have to make due with everything being out in the open. And while I really don’t want all things infant to invade our space, I also don’t want to completely ignore the fact there will be a wee-one in our presence. So I’ve started hunting for subtle ways to incorporate baby-related decor. My starting place is this cool alphabet poster we happened to pick up a few years back originally intended as a baby present for someone else – whoops!.

It already fits into our very neutral color scheme perfectly and feels like something I won’t get sick of looking at! Thankfully, the new online framing company Framebridge was able to help me design a custom frame for it. I simply sent them the print in the mail and their framing experts emailed me back mock-ups of mat and frame suggestions. I just selected the final style and the print showed back up on my doorstep – ready for its spot on the wall! Can you guess which framing option I picked…

I decided to go with the classic modern style of the Marin frame with the white mat to really make the lighter tones in the poster pop. While I haven’t quite figured out where we’ll be hanging this lovely guy just yet, the print is currently the anchor piece for my baby-decor moodboard!

Think yummy warm browns from light natural wood to camel and touches of black with a minimalist undertone. I’m also really loving the anchor motif and mixing in a touch of metallic. I’m open to a few sweet accessories like that crazy adorable stuffed bunny hanging around too! Even I’m a sucker for something that cute and cuddly.

I’m not sure where or how I’ll incorporate these little baby-themed moments into the loft yet. Maybe I’ll create a little gallery wall around the bassinet. Or perhaps we’ll carve out a little play corner that can have our baby-themed art and some fun accessories. Or maybe I’ll just scatter a few aesthetically pleasing kid-friendly things here and there. Plans are now starting to form, so I’ll be able to share what we finally decide with you soon!

Even gathering just these few small inspiration items does get me excited to incorporate le bebe into our world! I’m thinking some instagram mini-frames will definitely be in my near future!

Right now Framebridge is also offering you a great opportunity to get your frame on. Simply enter the code APARTMENT34 at check out and enjoy 20% off 2 or more items!

nursery image via live loud girl // photography for apartment 34 by bianca sotelo

This post is in partnership with Framebridge. All thoughts, opinions and styling are 100% our own. Thanks for supporting collaborations we’re excited about and that help keep Apartment 34’s doors open! 

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Source: apartment34.com

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With its location along the Chesapeake Bay and Atlantic Ocean, Virginia has a plethora of stunning beaches and coastal towns. With magnificent waves and sandy coves, boating and fishing, these idyllic Virginia beach towns are some of the best you’ll find. Whether you’re looking to move to Virginia or want to relocate to a quaint coastal city, there are plenty of options to check out in the state.

But if you’re not sure where to start on your hunt for the best Virginia beach town, we’re here to help. From Norfolk to Virginia Beach, Redfin has put together a list of 10 amazing Virginia coastal towns. Let’s explore some of the state’s top beaches, listed in alphabetical order, and you might just be tempted to move there.

#1: Cape Charles

Median home price: $437,000 
Cape Charles, VA homes for sale
Cape Charles, VA apartments for rent

Kicking off our list is Cape Charles, home to beaches like Cape Charles Beachfront. There are only about 1,200 people who live in this coastal Virginia town, making it a quaint getaway. Living in Cape Charles, you can explore the Cape Charles Natural Area Preserve, check out the Cape Charles Historic District, and dine along the waterfront.

#2: Chincoteague

Median home price: $500,000 
Chincoteague, VA homes for sale
Chincoteague, VA apartments for rent

Another one of Virginia’s great beach towns to consider buying a home in is Chincoteague, where there are 3,300 residents. There are plenty of beaches to visit like Assateague Beach, Bow Beach, and Chincoteague Beach. If you’re exploring the town make sure to stroll along the Island Nature Trail, tour the Captain Timothy House, and check out the local restaurants and cafes.

#3: Colonial Beach

Median home price: $340,000 
Colonial Beach, VA homes for sale
Colonial Beach, VA apartments for rent

About 3,900 residents live in Colonial Beach, located along the Potomac River. There are lots of beaches to explore on a sunny Virginia day like Colonial Beach and South Colonial Beach. If you find yourself moving to Colonial Beach, grab a meal or drink at one of the waterfront restaurants or breweries. 

#4: Hampton

Median home price: $256,000 
Hampton, VA homes for sale
Hampton, VA apartments for rent

Home to beautiful beaches like Buckroe Beach, Factory Point, Grandview Beach, Sea Point Beach, Lookout Beach, and Outlook Beach, there are countless places to spend a beach day in the city of Hampton. Just south of Newport News, there are about 137,700 residents in Hampton. Other than a beach day, you can visit Fort Monroe where you’ll find the Old Point Comfort Lighthouse, explore the Virginia Air and Space Center, and check out downtown Hampton.

#5: Newport News

Median home price: $259,500 
Average rent for a one-bedroom apartment: $1,190 
Newport News, VA homes for sale
Newport News, VA apartments for rent

The picturesque beach town of Newport News has about 184,600 residents, making it another great place to add to your list. You’ll find stunning beaches such as Huntington Beach and Riverside Beach. In Newport News, you can tour some of the museums like Mariners’ Museum and Park or Virginia Living Museum, explore the Newport News Park, and check out the shops, parks, and restaurants downtown.

#6: Norfolk

Median home price: $282,500 
Norfolk, VA homes for sale
Norfolk, VA apartments for rent

With just about 235,100 people living in Norfolk, it’s a great beach town to consider moving to. Some beaches you can visit include East Beach, Ocean View Beach, Sarah Constant Beach Park, Whitehurst Beach Park, and Willoughby Beach. Whether you check out one of the museums like Nauticus or the MacArthur Museum, see a show at Chrysler Hall, or explore the Virginia Zoo, there’s many activities to do and see in this beach town. 

#7: Onancock

Median home price: $276,000 
Onancock, VA homes for sale
Onancock, VA apartments for rent

With a population of close to 1,200, Onancock is a quaint and charming coastal town to live in. This town has lots of cozy spots to check out the water views. If you’re going to call Onacock home, plan time to explore the downtown area where you’ll find local restaurants, shops, and parks.

#8: Tangier Island

Median home price: $188,000 
Tangier Island, VA homes for sale
Tangier Island, VA apartments for rent

Accessible only by boat or airplane, Tangier Island is located in the middle of Chesapeake Bay. This island has beautiful beaches such as Tangier Island Beach, perfect for a picnic or enjoying the scenery. Once moving to Tangier Island, you’ll want to visit the Tangier History Museum or have some fresh seafood.

#9: Virginia Beach

Median home price: $370,000 
Virginia Beach, VA homes for sale
Virginia Beach, VA apartments for rent

Just about 457,700 people live in Virginia Beach where you’ll find beaches like Chesapeake Beach, Croatan Beach, First Landing Beach, North End Beaches, Sandbridge Beach, and Virginia Beach. Other attractions in Virginia Beach include exploring the Back Bay National Wildlife Refuge and False Cape State Park, stopping by the Virginia Beach Fishing Pier, and checking out the downtown Virginia Beach area.

#10: Wachapreague

Median home price: $220,000 
Wachapreague, VA homes for sale
Wachapreague, VA apartments for rent

The waterfront city of Wachapreague has a population of only about 250, but there are lots of beaches to enjoy a picnic at, like Wachapreague Seaside Park. You’ll also have plenty of activities to do during your free time, like exploring the charming downtown area.

Note, this list is not comprehensive of all the beach towns in Virginia. Median home sale price data from the Redfin Data Center during June 2023. Average rental data from Rent.com June 2023. Population data sourced from the United States Census Bureau.

Source: redfin.com