Norfolk Metro Report: November 2019

The Zumper Norfolk Metro Area Report analyzed active listings in October 2019 across 5 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Virginia one bedroom median rent was $1,285 last month.

Le plus cher

– Potsmouth was the most expensive city with one bedrooms priced at $1,260.

– Chesapeake rent grew 4.6% to $1,070 and ranked as the second priciest city.

– Virginia Beach remained third with rent at  $1,110.

Le moins cher

–Newport News ranked as the most affordable city with one bedrooms priced at $890.

–Norfolk was second with rent at $900.

–Hampton ranked as the third least expensive with rent down 3.2% to $920.

La croissance la plus rapide (Y/Y%)

–Norfolk had the fastest growing rent, up 15.4% since this time last year.

–Chesapeake saw rent climb 10.7%, making it the second fastest growing.

–Portsmouth was third with rent growing 9.6%.

La croissance la plus rapide (M/M%)

–Chesapeake had the largest monthly rental growth rate, up 4.6%.

–Virginia Beach rent jumped 3.7% last month, making it the second fastest growing.

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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