Norfolk, Norfolk City, VA Housing Trends, Rent, Price-to-Rent

Market Summary

Norfolk, Norfolk City, VA

Median Home Price Price

$298,040 $298K

Median Monthly Rent Rent

$1,690 $1.7K

GRM

15.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Norfolk, VA is $1,690, with MoM change +$9 and YoY change +$62 pointing to positive momentum while volatility is low (std $13).

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Metric

Base market Norfolk, VA

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Delta vs base

Median rent

$1,690

N/A

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Median price

$298,040

N/A

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YoY change

+$62

N/A

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Price-to-rent

14.7x

Data unavailable

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