Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
Recent-lease rent$1,6382026-07 · +7.2% year over year
Rental vacancyn/an/a
Time on marketn/an/a
FIPS 51710 · population 233,596 · part of Virginia Beach, VA
The latest county-level Zillow ZORI is $1,753 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,492 | Norfolk city, VA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,512 | Norfolk city, VA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,713 | Norfolk city, VA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $2,376 | Norfolk city, VA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $2,797 | Norfolk city, VA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 51710. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Norfolk city presents a carrying-cost-versus-softening tension: at Zillow’s county June 2026 observation, median home value was $315,704, published median asking rent was $1,753 monthly, and reported gross yield was 6.66% before costs. Rent’s 6.75% year-over-year increase exceeded the home-value increase of 0.88%, a spread worth investigating for operators who can validate expenses; buyers requiring clear resale momentum should be cautious.
That yield uses published market asking rent, not HUD’s two-bedroom Fair Market Rent, which is a payment standard and cannot replace asking rent. The 1.00% effective property-tax rate reduces the headline yield, while insurance, repairs, financing, and vacancy are excluded. FHFA’s annual 2025 repeat-transaction HPI increased, but it is an index rather than a dollar home value; its method and vintage should not be averaged with Zillow’s June 2026 observation.
Realtor.com MLS evidence for June 2026 showed 624 active listings, with 21.65% carrying price reductions. These metrics indicate visible supply and seller concessions, not a closed-sale price or proof of buyer demand. Investor mortgages accounted for 9.74% of purchases, adding competition for acquisitions but not demonstrating investor profitability. Tax-return migration was negative by 574 households, and incoming movers’ average income was $3,509 below outgoing movers’. QCEW’s annual 2025 covered workplace employment was essentially unchanged; Education and health services was the largest disclosed private supersector. These are county screens, not evidence of a particular property’s tenant demand.
Inland flood is the dominant hazard, and modeled expected annual building-value loss is 0.09%, requiring parcel-level flood-zone, elevation, insurance, and deductible review rather than a countywide cost assumption. Missing closed sales, property-level insurance and maintenance, vacancy, debt terms, unit mix, and neighborhood rent comparables prevent a net-yield, cash-flow, or exit underwriting conclusion. Verify actual rent, taxes, and hazard costs before treating the county screen as property-level economics.
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 23518 rental reportNorfolk City | Norfolk, VA | $1,998 | ▲ 8.0% | 52.1% | 29,746 |
| ZIP 23513 rental reportNorfolk City | Norfolk, VA | $1,645 | ▲ 10.1% | 55.6% | 28,628 |
| ZIP 23503 rental reportNorfolk City | Norfolk, VA | $1,636 | ▲ 8.9% | 53.5% | 30,216 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.091% of building value expected lost per year
$2,890 median annual bill
11,595 in · 12,169 out
$51,930 arriving · $55,439 leaving
298 of 3,059 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Norfolk city | 233,596 | $316k | $1,753 | 6.7% | inland flooding |
| Virginia Beach city | 456,349 | $433k | $2,065 | 5.7% | hurricane |
| Chesapeake city | 252,583 | $430k | $2,043 | 5.7% | inland flooding |
| Newport News city | 184,216 | $297k | $1,587 | 6.4% | inland flooding |
| Hampton city | 137,557 | $283k | $1,692 | 7.2% | inland flooding |
| Suffolk city | 98,796 | $393k | $1,988 | 6.1% | inland flooding |
| Portsmouth city | 97,190 | $270k | $1,617 | 7.2% | inland flooding |
| James City County | 81,013 | $489k | $2,148 | 5.3% | inland flooding |
| York County | 71,005 | $470k | $2,095 | 5.3% | inland flooding |
Yes. The record publishes market asking rent and a gross yield, while separately identifying HUD Fair Market Rent as a payment standard.
No. They cover active listings, asking prices, days on market, and price reductions, not closed sales or proof of buyer demand.
QCEW reports annual covered jobs at workplaces in the county and identifies Education and health services as the largest disclosed private supersector; it does not measure resident employment.