If you're searching for Lynnwood homes for sale in Virginia Beach, you're looking at one of the city's most distinctive neighborhoods — characterized by established central virginia beach subdivision, $Princess Anne High School school zone, and a median sale price near $385k in 2026.
This buyer's guide covers what Lynnwood actually offers, where the price tier sits relative to the broader Virginia Beach market, which schools serve the area, the local lifestyle, and the practical things buyers should know before going under contract. Every number below is grounded in current REIN MLS data and Virginia Beach city tax records.
Key takeaways at a glance
- Lynnwood median sale price is $385k in 2026 (REIN MLS, 12-month rolling).
- Median days to pending: ~20 days — faster than the broader Virginia Beach market.
- Top schools: Holland Elementary (elementary), Independence Middle (middle), Princess Anne High School (high).
- Best for: Families and military buyers wanting an affordable established central Virginia Beach subdivision
- Virginia Beach real estate tax rate: $0.99 per $100 of assessed value (FY 2025–2026) — among the lowest in Hampton Roads.
In this guide
In Virginia Beach, neighborhoods like Lynnwood aren't interchangeable — the school zone, the price tier, the resale demand, and the daily commute all shift inside the same city.
About Lynnwood
Lynnwood is an established neighborhood in the 23452 ZIP of Virginia Beach, located off Holland Road in the central part of the city. It features primarily 1970s–1990s construction in a mix of one- and two-story configurations. Strong central location for commute to Oceana, Naval Station Norfolk, and Town Center.
Lynnwood real estate market — 2026
Lynnwood's 2026 median sale price is approximately $385k, with a median time-to-pending of about 20 days. Inventory varies by season — spring and early summer typically bring the most listings, while late fall and winter offer more negotiation room.
For a broader picture of Virginia Beach pricing across the entire city, see our Hampton Roads neighborhood comparison or our urban-vs-suburban Hampton Roads guide. Browse current Virginia Beach listings directly.
| Metric | Lynnwood | Virginia Beach Overall |
|---|---|---|
| Median sale price | $385k | ~$420k |
| Median days to pending | ~20 | ~20 |
| Real estate tax rate | $0.99/$100 | $0.99/$100 |
| High school zone | Princess Anne High School | Various |
Source: REIN MLS 12-month rolling medians, 2026. School zones can shift; verify the specific address with VBCPS.
Schools serving Lynnwood
Lynnwood typically falls under Virginia Beach City Public Schools (VBCPS) with the following assigned schools (always verify the specific address):
- Elementary — Holland Elementary
- Middle — Independence Middle
- High school — Princess Anne High School
Virginia Beach school zones can shift as the division rebalances enrollment. Confirm the assigned school for the specific address via VBCPS or the listing detail before going firm. School zone is a major resale-demand factor in Virginia Beach.
Lifestyle, amenities & outdoor
Lynnwood's appeal stems from its established central virginia beach subdivision. The broader Virginia Beach lifestyle adds:
- 35+ miles of coastline — Atlantic Ocean from Resort Area through Sandbridge, plus Chesapeake Bay shoreline
- First Landing State Park — 2,888 acres of protected coastal habitat with trails and beach access
- Town Center — Virginia Beach's walkable mid-rise downtown with dining, shopping, and entertainment
- Strong restaurant scene — concentrated at Town Center, the Resort Area, and Pungo
- Naval Air Station Oceana, Joint Expeditionary Base Little Creek-Fort Story — major military commands that anchor the local economy
- Easy I-264 access to Norfolk for non-VB employment
Cost of ownership in Lynnwood
Virginia Beach has the second-lowest real estate tax rate among the major Hampton Roads cities (after Williamsburg), which keeps cost of ownership reasonable even at higher sale prices.
- Real estate tax — $0.99 per $100 of assessed value (FY 2025–2026). On a $385k home that's roughly $3,812/year.
- Homeowners insurance — $1,200–$3,500/year depending on construction and proximity to coast
- Flood insurance — required only if the property is in a FEMA Special Flood Hazard Area; verify on the FEMA Flood Map Service Center
- HOA dues (if applicable) — vary by subdivision; older established neighborhoods often have no HOA, newer subdivisions have $30–$300+/month
- Stormwater fee — small monthly fee per parcel
💡 Always pull the FEMA flood map for the specific address.
Virginia Beach has substantial flood-zone variation, even within a single neighborhood. A home one block from another can have a $0/year flood premium or a $2,500/year flood premium. Pull the address on the FEMA Flood Map Service Center BEFORE going firm.
How to buy a home in Lynnwood
The buying process is the standard Virginia process. Here's the practical sequence for Lynnwood:
- Get fully pre-approved. A real underwritten letter beats a higher offer with weak financing — see our first-time home buyer guide for Hampton Roads.
- Hire a Virginia Beach buyer's agent. Sign a written buyer agency agreement (Virginia law as of 2024). Use an agent who knows Lynnwood specifically — there are local quirks (school zone boundaries, flood pockets) that don't show up on listings.
- Tour at the right time of day. Drive your real commute, see the home in afternoon light, walk the neighborhood. Don't rely solely on photos.
- Make a competitive offer. Pull recent comparable sales for the specific neighborhood. Build seller-concession requests into the offer to reduce your cash to close.
- Inspection + appraisal + flood quote. Always get a flood insurance quote in writing if any part of the parcel is near an SFHA boundary.
- Close at a Virginia title company. Standard 30–45 day timeline. Verify wire instructions by phone before sending funds.
Common mistakes buyers make in Lynnwood
- Not pulling the school zone for the specific address. Virginia Beach school zones can split inside a neighborhood.
- Skipping the FEMA flood check. Flood insurance can swing your monthly payment by hundreds.
- Overlooking HOA dues and rules. Newer subdivisions have meaningful HOAs; pull the resale package and read it.
- Touring only at one time of day. A house feels different at 5pm than at 11am. Visit twice.
- Maxing the pre-approval. Carry a comfortable PITI, not the maximum the lender will approve.
- Ignoring stormwater and special assessments. Confirm all line items before closing.
Lynnwood Homes for Sale — FAQ
What is the median home price in Lynnwood in 2026?
Approximately $385k in 2026 (REIN MLS 12-month rolling). Compare with the Virginia Beach overall median of about $420k.
What schools serve Lynnwood?
Lynnwood typically feeds into Holland Elementary (elementary), Independence Middle (middle), and Princess Anne High School (high school) in Virginia Beach City Public Schools. Always verify the specific address.
How long does it take to sell — or buy — a home in Lynnwood?
Median time to pending is approximately 20 days in 2026. Well-priced homes tend to move faster; luxury inventory and homes priced above market sit longer.
Is Lynnwood a good place to live?
For buyers matching the profile of families and military buyers wanting an affordable established central virginia beach subdivision, yes. The established central virginia beach subdivision combined with VBCPS schools and Virginia Beach amenities makes it a popular choice.
Are there flood-zone homes in Lynnwood?
Some Virginia Beach neighborhoods have substantial flood exposure; others don't. Always verify the specific address on the FEMA Flood Map Service Center and get a flood insurance quote in writing before going firm.
What are property taxes in Lynnwood?
Virginia Beach's real estate tax rate is $0.99 per $100 of assessed value (FY 2025–2026), the same across the entire city. On a $385k home that's roughly $3,812/year before exemptions.
Can I use a VA loan to buy in Lynnwood?
Yes — VA loans are widely used throughout Virginia Beach, including Lynnwood, especially given the area's high concentration of military families. Browse VA-loan-friendly homes in Hampton Roads.
What's the commute from Lynnwood to Naval Station Norfolk?
From most of Virginia Beach to Naval Station Norfolk runs about 25 minutes off-peak via I-264, longer during peak hours. Specific commute time varies by your sub-area within Lynnwood.
Is Lynnwood good for first-time buyers?
Depends on the median price. Lynnwood's median of $385k is in range for many first-time buyers using FHA, VA, or conventional 97 financing. See our first-time home buyer guide for Hampton Roads.
What's the best time of year to buy in Lynnwood?
Inventory peaks in late spring and early summer. Late fall through winter typically offers more negotiation room and less buyer competition. Spring brings more selection but also more competing offers.
Ready to tour Lynnwood homes for sale?
Get current Lynnwood listings and connect with a Virginia Beach buyer's agent who knows the school zones, flood pockets, and HOA quirks specific to this neighborhood.
Sources & further reading
- City of Virginia Beach — official site
- Virginia Beach City Public Schools (VBCPS)
- FEMA — Flood Map Service Center
- Virginia Beach Real Estate Assessor
- Virginia Housing — first-time buyer programs
- VA — Home Loan Programs
- VDOT 511 — traffic conditions
Median price, days to pending, and school zones reflect 2025-2026 data and shift over time. Always confirm current numbers and the specific address with a Virginia Beach buyers agent.
About the Author
The VaHome Team is dedicated to providing expert real estate insights for Hampton Roads, Virginia. Contact us at (757) 777-7577 or tom@vahomes.com.
About the Hampton Roads Real Estate Market
Hampton Roads is one of the most dynamic real estate markets on the East Coast, anchored by the largest naval complex in the world at Naval Station Norfolk and home to roughly 120,000 active-duty, reserve, and civilian Department of Defense personnel. The region spans seven cities — Virginia Beach, Norfolk, Chesapeake, Suffolk, Portsmouth, Hampton, and Newport News — plus the Peninsula communities of Williamsburg, Yorktown, and Poquoson, with each market carrying its own personality, school district, and price profile.
Buying or selling here means thinking about more than just a house. Tidewater geography means flood zones, hurricane preparation, and waterfront premiums matter. Military presence means BAH affordability, PCS season inventory crunches (May through August), and VA loan eligibility are top of mind for a meaningful share of every neighborhood. School quality varies block by block, especially across the seven independent city school divisions, and is often the deciding factor for relocating families.
Why Buyers and Sellers Choose VaHome
The VaHome Team — Tom and Dariya Milan with LPT Realty — focuses on the Hampton Roads region with deep expertise in military relocation, VA financing, and the trade-offs that local buyers actually face. From listing strategy that gets your home in front of the right relocating buyer to buyer representation that respects your BAH cap and PCS timeline, the team treats every transaction as a long-term relationship. The site is built to make decisions clearer: BAH-aware search, drive-time mapping to every major installation, neighborhood guides written by people who live here, and a calculator that shows real monthly cost — taxes, insurance, HOA, and PMI included — instead of a teaser headline number.
Plan Your Next Move
Whether you are buying your first home with a VA loan, moving up while your kids transition between school districts, or selling a Hampton Roads property to relocate to your next duty station, the resources on this site are organized around the questions you are actually asking. Browse listings filtered by base proximity, paygrade-aware BAH cap, and commute time. Read neighborhood guides for Virginia Beach, Norfolk, Chesapeake, Suffolk, Hampton, Newport News, Williamsburg, and the Peninsula communities. Use the mortgage calculator to compare conventional, FHA, VA, USDA, and jumbo loan scenarios side by side. When you are ready to talk, the contact form goes directly to a specialist who knows the area, the lenders, and the timing.