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Virginia Beach Is The Best US City For Real Estate Agents

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Jamelia Todd
11:59 pm

May 30, 2021

The people over at ValuePenguin recently got curious about the housing market from a perspective many probably don’t consider. They were curious to know which market was the best in the country not for buyers or sellers, but for for the agents.

There are around 2 million active real estate agents in the country, and 34,000 in the commonwealth. On average agents in Virginia make quite a lot compared to agents elsewhere, coming in at an average of $68,000. But how good is it to be an agent in Virginia Beach?

The writers at ValuePenguin looked at factors in three different areas to compare cities across the country: likely earnings, affordability, and location quotient. Location quotient is the concentration of agents in the area, which was used as an indication of demand.

With the numbers all tallied Virginia Beach comes out on top, on the strength of solid scores across all three areas. About the Virginia Beach market, ValuePenguin says,

Virginia's southeastern-most major city rose to the top of the list thanks to its top-25 rankings in number of jobs (16th), location quotient (20th) and average salary (22nd). This is despite the fact that it's 6% more expensive to live here than in the average American city -- a fact we chalk up to Virginia Beach's tourist-attracting coastline, which attracts six million overnight visitors annually.