Norfolk Metro Report: January 2020

The Zumper Norfolk Metro Area Report analyzed active listings in December 2019 across 6 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Virginia one bedroom median rent was $1,242 last month.

Le plus cher

– Portsmouth was the most expensive city with one bedrooms priced at $1,210.

– Chesapeake rent dropped 4.4% to $1,090 but remained the second priciest city.

-Virginia Beach was third with rent at an even $1,000.

Le moins cher

–Newport News continued to rank as the most affordable city with one bedrooms falling 4.5% to $850.

–Hampton was second with rent at $900.

–Norfolk ranked as the third least expensive with rent staying flat at $920.

La croissance la plus rapide (Y/Y%)

-Chesapeake had the fastest growing rent, climbing 10.1% since this time last year.

-Norfolk followed closely behind as second with rent up 9.5%.

-Hampton was third with rent jumping 8.4%.

À propos

The Zumper Norfolk Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.

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