1031 Exchange Norfolk/Hampton Roads, Virginia

 

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: 23507, 23508, 23519, 23509, 23515, and 23513.

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.

  • metropolitan 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

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

SECURITIES DISCLOSURE

Realized1031.com is a website operated by Realized Technologies, LLC, a wholly owned subsidiary of Realized Holdings, Inc. (“Realized”). Equity securities offered on this website are offered exclusively through Thornhill Securities, Inc., a registered broker/dealer and member of FINRA/SIPC("Thornhill"). Investment advisory services are offered through Thornhill Securities, Inc. a registered investment adviser. Thornhill Securities, Inc. is a subsidiary of Realized. Check the background of this firm on FINRA's BrokerCheck.

Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment.

Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. The value of the investment may fall as well as rise and investors may get back less than they invested.

This site is published for residents of the United States who are accredited investors only. Registered Representatives and Investment Advisor Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every representative listed. For additional information, please contact 877-797-1031 or info@realized1031.com.

© 2022 Realized Holdings, Inc.