Bel Aire, Norfolk City, VA

Median Home Price Price

$363,083 $363.1K

Median Monthly Rent Rent

$1,622 $1.6K

19.0x

Market Snapshot

Bel Aire, Norfolk City, VA is a neighborhood market with a median home price of $363,083, a median monthly rent of $1,622, a GRM of 19.0x, and a price-to-rent ratio of 18.7.

Comparable Markets

Use related neighborhood markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

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Monthly rent

GRM = home price / annual rent

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Home prices

Monthly rent

GRM = home price / annual rent

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North Lake Mendota, Dane County, WI
$459K $1.6K 24.0x
Breen Hills, Platte County, MO
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Home prices

Monthly rent

GRM = home price / annual rent

Bel-Aire

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Benchmark comparison

Compare Bel-Aire, VA to another market.

Compare to Suburban Acres, VA
Bel-Aire, VA
Suburban Acres, VA
Delta
Median rent
$1,622
N/A
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Median price
$363,083
N/A
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YoY change
+$50
N/A
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Price-to-rent
18.7x
Data unavailable
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Key takeaways

  • Bel Aire, Norfolk City, VA has a higher-grm screening profile: At 19.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $50 year over year.
  • Next discovery step: compare Suburban Acres, Norfolk City, VA from the Same county set.