Virginia's homeownership rate in 2025 was 69.6%, higher than the national rate of 65.2%, but both declined from the previous year due to affordability and supply issues. Younger buyers under 35 make up only 10% of homeowners, facing challenges like rising prices and limited inventory. Virginia has a housing shortage of nearly 188,000 units for market-rate homes, projected to reach 214,000 by 2030, highlighting the need for zoning reform and increased housing starts.