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

Market Summary

South Norfolk, Chesapeake City, VA

Median Home Price Price

$286,328 $286.3K

Median Monthly Rent Rent

$1,615 $1.6K

GRM

15.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in South Norfolk, VA is $1,615, with MoM change +$13 and YoY change +$102 pointing to positive momentum while volatility is low (std $25).

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Metric

Base market South Norfolk, VA

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Delta vs base

Median rent

$1,615

N/A

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Median price

$286,328

N/A

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YoY change

+$102

N/A

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Price-to-rent

14.8x

Data unavailable

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