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T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.

Read more about our T-RECS model here
Where will
rank amongst housing markets for price growth?

Virginia Beach-Norfolk-Newport News, VA-NC
States
North Carolina
Virginia
Region
South
2021 Population
1,806,423
Map location of Virginia Beach-Norfolk-Newport News, VA-NC
Market Details
Percentile
Housing Population556,597 homes
81st
Home Price$298,483
54th
Price Per sqft$182/sqft
50th
Lot Size0.20 acre(s)
37th
Home Size1,656 sqft
66th
2 Year Price Growth+19.68%
55th
Demographics
Percentile
Home Age
42 years
50th
Population Age
37 years
74th
Household Size2.41 people
33rd
Economics
Percentile
Household Income$72,686
65th
2 Year Household Income Growth+4.84%
39th
Unemployment Rate
5.00%
68th
2 Year Unemployment Rate Difference
-0.10%
82nd
ResiShares Market Factors
Percentile
Economic Growth Score
68th
Population Growth Score
67th
Price Growth Score
46th
Projected Annual Growth Percentile

Across the top 200 markets by population

3 Year Projected Rank:

120 / 200 ( 40th %tile )
Top 5 Historical T-RECS Matched Markets

1.

Oklahoma City, OK

Year: 2020

Similarity Score: 95

2.

Indianapolis-Carmel-Anderson, IN

Year: 2016

Similarity Score: 95

3.

Columbus, OH

Year: 2010

Similarity Score: 94

4.

Richmond, VA

Year: 2016

Similarity Score: 94

5.

Tulsa, OK

Year: 2012

Similarity Score: 93

Market Details
Percentile
Housing Population556,597 homes
81st
Home Price$298,483
54th
Price Per sqft$182/sqft
50th
Lot Size0.20 acre(s)
37th
Home Size1,656 sqft
66th
2 Year Price Growth+19.68%
55th
Demographics
Percentile
Home Age
42 years
50th
Population Age
37 years
74th
Household Size2.41 people
33rd
Economics
Percentile
Household Income$72,686
65th
2 Year Household Income Growth+4.84%
39th
Unemployment Rate
5.00%
68th
2 Year Unemployment Rate Difference
-0.10%
82nd
ResiShares Market Factors
Percentile
Economic Growth Score
68th
Population Growth Score
67th
Price Growth Score
46th