Rental prices in Downtown Norfolk, Norfolk, VA have increased by 6.82% over the past year. The average rent moved from $1,545 to $1,650.
Check out the average rent in Norfolk.
The national average price of rental apartments is $1,750, while the average monthly rent in Downtown Norfolk, Norfolk, VA is $1,650.
The average monthly rent for an apartment in Downtown Norfolk, Norfolk, VA is around $1,650.
A share of 53% of apartments in Downtown Norfolk, Norfolk, VA have the cheapest rents between $1,001-$1,500. Around 24% of Downtown Norfolk's apartments have monthly rents between $1,501-$2,000. There are 22% of apartments with rents between $2,001-$2,500.
The largest share of rentals in Downtown Norfolk, Norfolk, VA (53%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average Downtown Norfolk, Norfolk, VA studio apartment size is 476 sq. ft.
Studio apartments in Downtown Norfolk, Norfolk, VA tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
In total, Downtown Norfolk, Norfolk, VA has 3,387 residents, 1,584 women and 1,803 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Norfolk’s population is 32.
There is a total of 1,721 households in Downtown Norfolk, Norfolk, VA. Of these, 252 have children and 1,469 are without children. Per Census Bureau’s most current estimates, 650 family households and 1,071 non-family households live in this area. The size of a household in Downtown Norfolk is 0.95 people, on average. The median household annual income in Downtown Norfolk equals $69,588, and the monthly housing costs equal $1,536.
According to data from the U.S. Census Bureau, 2% of the population in Downtown Norfolk, Norfolk, VA have no high school education, 24% went to high-school, and 19% have partially completed college. Moreover, 5% of the population hold an Associate Degree, 27% hold a Bachelor Degree, and 24% hold a Graduate Degree.
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