
Surrounding Metropolitan Area
Norfolk/Hampton Roads, Virginia is a part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area, and contains 21 zip codes, including: 23505, 23506, 23517, 23519, 23518, and 23515.
Norfolk/Hampton Roads Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Norfolk/Hampton Roads, VA metropolitan area was $1,051, which is 12.05% lower than 2014 average rent. This represents a compounded annual growth rate of 2.30%. 2019 vacancy in Norfolk/Hampton Roads, VA was 3.40%.
The total population of the city of Norfolk/Hampton Roads, VA has grown 0.52% since 2010. As of 2018, the population was 244,076. The median household income of the Norfolk/Hampton Roads was $49,146, which is 18.49% lower than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Virginia Beach-Norfolk-Newport News, VA-NC
$1,051
12.05%
3.40%
$49,146
244,076
0.52%
18.49%
23501 23502 23503 23504 23505 23506 23507 23508 23509 23510 23511 23513 23514 23515 23517 23518 23519 23523 23529 23541 23551
Submarket Area Virginia Beach-Norfolk-Newport News, VA-NC
Avg Rent $1,051
Rent Growth 12.05%
Vacancy 3.40%
Median Income $49,146
Population (2018) 244,076
Population Growth 0.52%
Vs. Nat’l Avg 18.49%
Zip Codes 23501 23502 23503 23504 23505 23506 23507 23508 23509 23510 23511 23513 23514 23515 23517 23518 23519 23523 23529 23541 23551