Bel-Aire, Norfolk VA - Investment Data
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📊 How Does Bel-Aire Compare?
| Metric | Bel-Aire | Norfolk | Virginia |
|---|---|---|---|
| Home Value | $281,864 | $281,864 | $403,170 |
| Avg Rent | $1,780 | $1,780 | - |
| 5-Year CAGR | 4.2% | 4.1% | 6.4% |
| Cap Rate | 0.0% | 0.0% | - |
Bel-Aire is a neighborhood in Norfolk, Virginia. This neighborhood spans 14 ZIP codes, offering investors a range of property types and price points. The current median home value in this neighborhood is $371,263, which has decreased by 1.1% over the past year. With average rents around $1,780/month and home values averaging $281,864, investors can evaluate potential cash flow opportunities in this market.
Home Value Trends
ZIP Codes in Bel-Aire
| ZIP | City | Home Value | Rent | Cap Rate | Rating | Vacancy | Match |
|---|---|---|---|---|---|---|---|
| 23502 | Norfolk | $314,797 | $1,623 | 0.0% | 5.4% | City match | |
| 23503 | Norfolk | $320,113 | $1,568 | 0.0% | 6.5% | City match | |
| 23504 | Norfolk | $273,366 | $1,650 | 0.0% | 10.3% | City match | |
| 23505 | Norfolk | $331,625 | $1,582 | 0.0% | 9.0% | City match | |
| 23507 | Norfolk | $487,341 | $1,696 | 0.0% | 6.4% | City match | |
| 23508 | Norfolk | $384,160 | $1,924 | 0.0% | 8.4% | City match | |
| 23509 | Norfolk | $289,557 | $1,883 | 0.1% | 9.2% | City match | |
| 23510 | Norfolk | $330,745 | $1,799 | 0.0% | 6.8% | City match | |
| 23513 | Norfolk | $276,699 | $1,511 | 0.0% | 7.2% | City match | |
| 23517 | Norfolk | $328,492 | $1,782 | 0.0% | 4.9% | City match | |
| 23518 | Norfolk | $347,553 | $2,030 | 0.0% | 7.9% | City match | |
| 23523 | Norfolk | $261,643 | $2,317 | 0.1% | 11.4% | City match | |
| 23511 | Norfolk | $0 | — | — | — | 1.5% | City match |
| 23551 | Norfolk | $0 | — | — | — | 100.0% | City match |
Other Neighborhoods in Norfolk
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