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 | 556,157 homes | 81st |
| Home Price | $294,317 | 54th |
| Price Per sqft | $182/sqft | 50th |
| Lot Size | 0.20 acre(s) | 38th |
| Home Size | 1,630 sqft | 65th |
| 2 Year Price Growth | +19.34% | 43rd |
| Demographics | Percentile | |
|---|---|---|
Home Age | 43 years | 49th |
Population Age | 37 years | 74th |
| Household Size | 2.41 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 | 80th |
| Population Growth Score | 70th |
| Price Growth Score | 48th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
15 / 200 ( 93rd %tile )Top 5 Historical T-RECS Matched Markets
1.
Indianapolis-Carmel-Anderson, IN
Year: 2017
Similarity Score: 94
2.
Columbus, OH
Year: 2009
Similarity Score: 94
3.
Oklahoma City, OK
Year: 2020
Similarity Score: 93
4.
Harrisburg-Carlisle, PA
Year: 2011
Similarity Score: 93
5.
Tulsa, OK
Year: 2012
Similarity Score: 92
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 556,157 homes | 81st |
| Home Price | $294,317 | 54th |
| Price Per sqft | $182/sqft | 50th |
| Lot Size | 0.20 acre(s) | 38th |
| Home Size | 1,630 sqft | 65th |
| 2 Year Price Growth | +19.34% | 43rd |
| Demographics | Percentile | |
|---|---|---|
Home Age | 43 years | 49th |
Population Age | 37 years | 74th |
| Household Size | 2.41 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 | 80th |
| Population Growth Score | 70th |
| Price Growth Score | 48th |