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South Tidewater News

Monday, December 23, 2024

Norfolk 1-bedroom rent remains stable in February

Re 11

Rental prices for 1-bedroom units in Norfolk remained stable in February compared to the previous month, according to Zumper.

The average price for a 1-bedroom in Norfolk was $920, representing a 0.0 percent increase over the previous year.

According to RealPage, May of 2020 saw the first year over year decline in asking rents since 2010. While in September of 2020, the average home price on Realtor.com was over $350,000, up over 10 percent from the previous year according to Norada.

Single Bedroom Pricing
City NameMedian PriceMonthly Change %Annual Change %
Norfolk$920015

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