Contract Rent in Norfolk city, Virginia

Gavop is a real estate, housing & local data & analytics service. We get data from public sources such as the census bureau & private databases. Our data can be used by real estate and organizations to get further insights into local market dynamics. We analyzed Contract rent trend from 2009 & 2015 for all counties in the US. Contract rent is impacted due to factors such as Home location, facilities in the home, Employment opportunity, Strata levies, duration of the tenant.

The key elements in the research are

1. Contract rent below $1000
2. Contract rent above $1000

Our key findings

• % Change Cash rent below $1,000: Norfolk city under performed than Virginia by -3.1
• % Change Cash rent below $1,000: Norfolk city under performed than US by -9.5
• CAGR Cash rent below $1,000: Norfolk city under performed than state by -0.5
• CAGR Cash rent below $1,000: Norfolk city under performed than US by -1.6
• % Change Cash rent above $1,000: Norfolk city out performed than Virginia by 60.0
• % Change Cash rent above $1,000: Norfolk city out performed than US by 56.5
• CAGR Cash rent above $1,000: Norfolk city out performed than state by 6.2
• CAGR Cash rent above $1,000: Norfolk city out performed than US by 5.8

County	Norfolk city
Cash rent below $1,000 2015	34,105
Cash rent below $1,000 2009	37,644
Cash rent below $1,000 % change	-9.4
Cash rent below $1,000 change rank compared to US	1,916
Cash rent below $1,000 change rank compared to Virginia	83
Cash rent above $1,000 2015	13,709
Cash rent above $1,000 2009	6,605
Cash rent above $1,000 % change	107.6
Cash rent above $1,000 change rank compared to US	943
Cash rent above $1,000 change rank compared to Virginia	39