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Hampton Roads Rent Report - Thanksgiving Special
With the Thanksgiving holiday here, we’re keeping our report a little shorter than usual. We will be back to our regular reports in December.
Hampton Roads Rent Report - Thanksgiving Special
In October, rents rose for most unit types, with 1 bedrooms jumping from $1525 to $1564. That’s a new record high for 1 bedroom apartments in Hampton Roads.
Total average asking rent for all units: $1,812 / month
The average asking rent for each unit type:
Studio: $1,403
1 bedroom: $1,564
2 bedrooms: $1,773
3+ bedrooms: $2,270
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City breakdown
2. CityWork at Moving Forward: Unlocking the Keys to Affordable Housing
Earlier this month, CityWork director Alex Fella spoke at the Interfaith Alliance at the Beach’s forum Moving Forward: Unlocking the Keys to Affordable Housing. He joined Jay Grant from LISC Hampton Roads, for a discussion on housing, rent, and solutions to protect affordability.
If you’re unfamiliar with IAB, they are a coalition of faith-based and non-profit organizations working to address unmet needs in the community. Check out their work here!
