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

Market Summary

Downtown, Norfolk City, VA

Median Home Price Price

$279,351 $279.4K

Median Monthly Rent Rent

$1,723 $1.7K

GRM

14.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Downtown, VA is $1,723, with MoM change +$7 and YoY change +$31 pointing to positive momentum while volatility is low (std $8).

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Metric

Base market Downtown, VA

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Delta vs base

Median rent

$1,723

N/A

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Median price

$279,351

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YoY change

+$31

N/A

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Price-to-rent

13.5x

Data unavailable

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