Rental market snapshot for Norfolk, Virginia

Norfolk, Virginia Rental Property Market Overview

Norfolk, Virginia is a vibrant city located in the Hampton Roads region of the state. With a population of 235,089 as of 2021 according to the US Census, Norfolk is the second-largest city in Virginia. The city is home to a diverse range of attractions, including the Chrysler Museum of Art, the Norfolk Botanical Garden, and the Virginia Zoo. Norfolk is also a major port city, with a large naval base and a thriving maritime industry. With its rich history, vibrant culture, and beautiful scenery, Norfolk is a great place to live and visit.

The average rent for an apartment in Norfolk is $1,594. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Norfolk Virginia | Cost of Living

  • The most expensive ZIP code in Norfolk is 23518 with an average price of $1,969.
  • The cheapest ZIP code in Norfolk is 23523 with an average price of $996.

Norfolk ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
123518$1,969
223505$1,769
323504$1,724
423517$1,715
523503$1,701
623510$1,684
723509$1,669
823508$1,659
923507$1,630
1023502$1,527

Live near Norfolk, Virginia's Top Sights and Attractions

Larchmont Elementary And Recreation Center is a popular attraction in Norfolk, Virginia. It is a large complex that includes a school, a playground, a gymnasium, a swimming pool, and a community center. The school offers classes for children from kindergarten through fifth grade, while the playground and gymnasium provide plenty of fun activities for kids of all ages. The swimming pool is a great place to cool off in the summer, and the community center hosts a variety of events and activities throughout the year.

Ocean View Beach is a popular beach destination located on the Chesapeake Bay. It features a wide, sandy beach with plenty of room to relax and soak up the sun. The beach is also a great spot for swimming, fishing, and other water activities. The beach is lined with a boardwalk, which is perfect for strolling and taking in the stunning views of the bay. There are also plenty of restaurants and shops nearby for visitors to enjoy.

Plum Point Park is a picturesque waterfront park located on the banks of the Elizabeth River. The park features a boardwalk, picnic areas, a playground, and a fishing pier. Visitors can also enjoy a variety of outdoor activities such as kayaking, canoeing, and paddle boarding. The park also features a variety of wildlife, including ducks, geese, and other waterfowl. The park is a great place to relax and take in the beautiful views of the river.

Ocean View Golf Course is a picturesque 18-hole golf course located on the coast of the Atlantic Ocean. It offers stunning views of the ocean and nearby islands, as well as challenging holes for golfers of all skill levels. The course features a driving range, putting green, and a pro shop. It also offers lessons and clinics for those looking to improve their game. The course is surrounded by lush greenery and is a great place to spend a day outdoors.

Town Point Park is a beautiful waterfront park located on the Elizabeth River in Norfolk, Virginia. It offers stunning views of the river, the downtown skyline, and the nearby naval base. The park features a variety of amenities, including a large grassy area, a playground, picnic areas, a boardwalk, and a marina. There are also a number of events held at the park throughout the year, including outdoor concerts, festivals, and art shows.

Mona Avenue Park is a beautiful green space located in the heart of the city. It features a large pond, walking trails, and plenty of lush vegetation. There are also several picnic areas, playgrounds, and a basketball court. The park is a great place to relax, take a stroll, or just enjoy the scenery. It's a popular spot for locals and visitors alike, and is a great way to spend an afternoon.

Northside Park is a large public park located on the banks of the Elizabeth River. It features a variety of recreational activities, including a playground, picnic areas, walking trails, and a boat launch. The park also has a large open field, perfect for sports and other outdoor activities. There is also a fishing pier, a beach, and a boardwalk with stunning views of the river.

Four Farthing or Town Point Historical Marker is a monument located on the Elizabeth River in Virginia. It marks the site of the first permanent English settlement in the area, established in 1682. The marker is a tall granite obelisk inscribed with the names of the original settlers, and is surrounded by a small park with benches and a walking path. The site offers stunning views of the river and the city skyline, and is a popular spot for locals and tourists alike.

Ocean View Park is a large public park located on the shore of the Chesapeake Bay. It features a wide variety of recreational activities, including a beach, picnic areas, playgrounds, walking trails, and a fishing pier. The park also has a large grassy area perfect for sports and other outdoor activities. There are also several pavilions and gazebos available for rent, making it a great spot for special events. The park is open year-round and offers stunning views of the bay and the surrounding area.

The Hampton Roads Naval Museum is a maritime museum located in Norfolk, Virginia. It is dedicated to preserving and interpreting the history of the U.S. Navy in the Hampton Roads region. The museum features a variety of exhibits, including artifacts, photographs, and interactive displays that tell the story of the Navy in the area. Visitors can explore the museum's galleries, which feature artifacts from the Revolutionary War, the Civil War, and World War II, as well as modern naval vessels. The museum also offers educational programs, special events, and guided tours.

Norfolk, Virginia area median rent change by ZIP code map

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How does Norfolk compare to other cities in Virginia?

citymedian price
Chantilly$2,809
Burke$2,800
Alberta$2,550
Annandale$2,298
Alexandria$2,230
Vienna$1,968
Manassas$1,962
Christiansburg$1,500
Farmville$1,352
Petersburg$1,244

Average household income in Norfolk area graph - US Census

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The median household income in Norfolk in 2021 was $56,244. This represents a 27.4% change from 2011 when the median was $44,164.

#categorypercent
0Less than $10,0008.4%
1$10,000 to $14,9994.5%
2$15,000 to $19,9994.8%
3$20,000 to $24,9995.0%
4$25,000 to $29,9995.2%
5$30,000 to $34,9995.7%
6$35,000 to $39,9993.9%
7$40,000 to $44,9994.8%
8$45,000 to $49,9994.5%
9$50,000 to $59,9998.7%
10$60,000 to $74,99910.8%
11$75,000 to $99,99912.3%
12$100,000 to $124,9997.6%
13$125,000 to $149,9994.8%
14$150,000 to $199,9994.8%
15$200,000 or more4.1%

Neighborhoods in Norfolk

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Norfolk is $1,594.
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