With a 110k income, homeownership in Virginia might be more challenging, especially in Virginia Beach. Financial advisors recommend spending about 3 to 4 times your annual income on a home, setting your budget between $330,000 and $440,000.

However, the median home price in Virginia Beach is approximately $450,000, which exceeds your maximum affordability range. This suggests that the major market may be less accessible at your current income level.

That said, more affordable options may be found in other areas such as Richmond and Arlington, where prices average around $500,000. Virginia has a property tax rate of 0.82%, or roughly $3,690 per year on an average home. Considering a cost of living near the national average, you might need to explore alternative locations or financing strategies to meet your homeownership goals.