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

Market Summary

Park Place, Norfolk City, VA

Median Home Price Price

$274,336 $274.3K

Median Monthly Rent Rent

$1,760 $1.8K

GRM

13.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Park Place, VA is $1,760, with MoM change +$9 and YoY change +$68 pointing to positive momentum while volatility is low (std $15).

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Metric

Base market Park Place, VA

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Delta vs base

Median rent

$1,760

N/A

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Median price

$274,336

N/A

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YoY change

+$68

N/A

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Price-to-rent

13.0x

Data unavailable

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