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 hereWhere willrank amongst housing markets for price growth?
Virginia Beach-Norfolk-Newport News, VA-NC
States
North Carolina
Virginia
Region
South
2021 Population
1,806,423
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 536,107 homes | 82nd |
| Home Price | $313,732 | 52nd |
| Price Per sqft | $188/sqft | 47th |
| Lot Size | 0.20 acre(s) | 35th |
| Home Size | 1,680 sqft | 67th |
| 2 Year Price Growth | +10.55% | 39th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 42 years | 53rd |
Population Age | 0 years | 56th |
| Household Size | 2.45 people | 56th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $74,556 | 58th |
| 2 Year Household Income Growth | +5.00% | 8th |
Unemployment Rate | 4.70% | 32nd |
2 Year Unemployment Rate Difference | -0.38% | 18th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 14th |
| Population Growth Score | 42nd |
| Price Growth Score | 57th |
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.
Tulsa, OK
Year: 2019
Similarity Score: 90
2.
Providence-Warwick, RI-MA
Year: 2019
Similarity Score: 88
3.
Columbia, SC
Year: 2020
Similarity Score: 88
4.
Memphis, TN-MS-AR
Year: 2016
Similarity Score: 87
5.
Indianapolis-Carmel-Anderson, IN
Year: 2019
Similarity Score: 87
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 536,107 homes | 82nd |
| Home Price | $313,732 | 52nd |
| Price Per sqft | $188/sqft | 47th |
| Lot Size | 0.20 acre(s) | 35th |
| Home Size | 1,680 sqft | 67th |
| 2 Year Price Growth | +10.55% | 39th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 42 years | 53rd |
Population Age | 0 years | 56th |
| Household Size | 2.45 people | 56th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $74,556 | 58th |
| 2 Year Household Income Growth | +5.00% | 8th |
Unemployment Rate | 4.70% | 32nd |
2 Year Unemployment Rate Difference | -0.38% | 18th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 14th |
| Population Growth Score | 42nd |
| Price Growth Score | 57th |