Virginia
How are Rental Markets Trending Across Virginia? – Virginia REALTORS®
“Uncertain” has become the most common adjective used to describe the U.S. economic outlook and, consequently, consumer confidence levels have dropped. Moreover, housing market sentiment has also suffered, which has led to slower activity levels in the homebuying space in Virginia since the beginning of 2025. Potential homebuyers are hesitant to make a big purchase in light of broader economic fears. Many of them are choosing to continue renting as they wait for more stability and a more positive economic forecast. To understand the rental market landscape, let’s look at the predominant rental trends across the different metro areas in Virginia.
- All nine metro regions in Virginia have seen an increase in rent prices so far in 2025.
Housing costs have continued their upward trajectory. Rental market prices are no different. So far in 2025, according to CoStar, the effective rent per unit in Virginia was $1,820, which is 2.7% higher than the 2024 annual average rent of $1,772. All metro areas in the Commonwealth have seen rents go up. Charlottesville saw the highest percentage increase in rent (+4.7%), followed by Lynchburg (+3.0%) and Northern Virginia (+2.8%). Rental prices saw the smallest percentage increase in Blacksburg (+0.4%). This emphasizes the fact that while more people are choosing to rent and delay homebuying plans, their rental costs are going up.
- Most metro regions have seen a decline in concessions provided to renters.
Landlords tend to offer rent concessions as an incentive to attract or retain tenants. These concessions can be offered in the form of a temporary reduction in rent, and certain fee waivers, among others. Major rental markets in Virginia have seen a decline in effective rent concessions. Five out of the nine metro regions – Northern Virginia, Richmond, Hampton Roads, Lynchburg, and Charlottesville – have seen effective rent concessions go down so far in 2025 compared to last year. Renters aren’t being offered as many incentives to sign or extend their leases given the increased demand for rental units.
- Rental inventory has gone up in most metro areas in Virginia compared to 2024.
There was a significant increase in multifamily construction activity in 2021 and 2022. This has led to increased rental inventory in Virginia’s metro areas. Compared to 2024, seven out of the nine metro areas saw an increase in rental inventory levels, while rental inventory in Charlottesville and Winchester remained unchanged. This trend of rising inventory is expected to flatten out as multifamily construction activity slows down across the state.
For more information on housing, demographic and economic trends in Virginia, be sure to check out Virginia REALTORS® other Economic Insights blogs and our Data page.
Virginia
‘Explosions every day’: Virginia woman on her way to a wedding in India is stuck in Qatar
Arlington, Virginia, resident Anjali Sharma — stuck in the Middle Eastern since Saturday — documents her story on social media from a hotel in Doha, Qatar.
“I think it really hit me when I saw black smoke coming from afar on one of the buildings, and it ended up being a missile that got defused, and the debris fell on the ground and caused an explosion,” Sharma said.
She was on her way to a wedding in India and had a layover in Qatar when Iran’s retaliatory strikes began. The airspace in Qatar and several other nearby countries is closed.
Sharma is alone. She says the rest of her family she was supposed to meet with had their flights canceled.
She says it’s incredibly unsettling.
“I hear explosions every day,” Sharma said. “I hear planes going outside. I mean, I still hear military jets, right now. I don’t really know what that means.”
She is one of several thousands of Americans stranded in the Middle East. The State Department said it’s assisted almost 6,500 Americans since the conflict began.
Sharma says she hasn’t been able to get any clear guidance.
“I would just really appreciate it if the U.S. government could get clear guidelines of what they’re going to do to get us out and when that even may be,” she said.
U.S. Rep. Don Beyer, D-Va., has been critical of the Trump administration’s evacuation efforts. He says his office has heard from about 100 families whose loved ones are stranded abroad.
“The primary reason the State Department exists is to serve Americans living abroad, and they’re desperately failing at that, right now,” he said.
The White House said the secretary of state issued Level 4 travel advisories dating to January. But Qatar was not one of the countries given a do-not-travel advisory.
The State Department Wednesday created a new form for stranded citizens to fill out. They say it will provide departure information about available aviation and ground transportation options.
Sharma hopes it’s her ticket out.
“I just want to get out of here safely at this point.”
Virginia
Giants will hold 2026 training camp in West Virginia
The New York Giants will be forced to hold their 2026 training camp, the first with John Harbaugh as head coach, out of state.
Per a report from the New York Post, the Giants will hold what will likely be the first two weeks of training camp in West Virginia at the Greenbrier Resort, located in White Sulpher Springs.
Part of the reason for the move is the fact that World Cup games will be held at MetLife Stadium this summer. There is also ongoing construction at the Giants’ facility at 1925 Giants Drive. The Giants are expanding their locker room, weight room, dining facility and office space at their headquarters, constructed in 2009. That work began before Harbaugh was named head coach.
NFL teams have used the Greenbier extensively since 2014, when it was first established to host training camp for the New Orleans Saints. The Houston Texans and Cleveland Browns have held training camps there, and other have practiced there during extended road trips.
The facility has two grass fields and a FieldTurf field, as well as all of the other accommodations an NFL needs.
The Giants have trained at their own Quest Diagnostics Training Center in East Rutherford, N.J. since 2013.
Exact dates for NFL training camps have not yet been set, but the starting date is generally some time in late July. Per the Post, most practices at the Greenbrier are expected to be open to the public.
Virginia
Senate approves lawmaker pay raise as teacher pay hike stalls in Virginia budget talks
RICHMOND, Va. (WSET) — As the legislative session in Richmond comes closer to an end, lawmakers are still hard at work hammering out the budget for the year ahead. This year, the Senate has approved a pay raise for lawmakers after tabling bills that would have provided larger pay increases for teachers.
With the cost of living rising, teachers across Virginia have been watching the proposed budget closely and hoping for higher pay.
In February, a bill that would have raised teacher salaries by 4.5% each year until reaching the national average of $77,000 was tabled until next year. The decision left some educators disappointed.
“It’s definitely disappointing. We’re at a time where we are struggling to keep highly qualified staff in the buildings and in the profession, to be quite honest, because we have to compete with other industries,” Karl Loos, president of the Lynchburg Education Association, said.
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There is still a 3% increase for teachers included in the proposed Senate budget, and a 2% increase in the House of Delegates’ proposed budget. But Loos said a 3% raise only matches the rate of inflation, and will likely not be appealing enough to fill vacant positions.
“I think certainly teacher pay is a deterrent for a lot of people, especially as they see the amount of work that goes into it and the compensation for that work,” Loos said.
The Virginia Education Association also advocated for the 4.5% pay increase. Chad Stewart, the interim director of Government Relations and Research, said they believe budget uncertainty may have made lawmakers hesitant to commit to long-term increases they might not be able to sustain.
According to the State Fiscal Impact Statement, seen below, it would have required an additional $159.0 million in 2027, and increasing amounts for the next couple of years to meet the goal of reaching the national average.
“We’ve seen commitments going back decades from previous governors who have all stated they want to get the national teacher pay average, but no governor has ever delivered on it,” Stewart said.
Stewart said the average national pay for teachers they are hoping to meet is $77,000, and that the current average salary for teachers in the Commonwealth is around $70,000. He said ultimately it comes down to the budget, and he hopes in the following years teachers will receive that larger pay increase. Stewart said the organization hopes Gov. Spanberger will be the first to follow through on that promise.
Meanwhile, legislation that would increase pay for state lawmakers was passed in the Senate on Thursday. Republican Del. Tim Griffin of the 53rd District said he voted against the measure.
“I was outraged last week when they raised their own pay. I voted against it,” Griffin said. “When you run on affordability, I think people expected it to be more affordable for the people that live and work in Virginia, not for ourselves. It kind of defeats the purpose.”
When asked about the proposed pay increases in the House and the Senate, Campbell County Superintendent Clay Stanley said in a statement, “I am praying for 3%. Our teachers, at minimum, deserve a raise that matches the cost of living increase.”
ABC13 reached out to local Democratic lawmakers for comment on the teacher pay raise legislation, but did not receive a response.
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