The Neighborhood Scoop: Larchmont | Chantel Ray Real Estate

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The Neighborhood Scoop: Larchmont

Larchmont is a charming residential neighborhood in Norfolk, VA. The style of homes consists of colonial, Victorian, and bungalow. Larchmont is also an excellent choice for college students to live due to its proximity to Old Dominion University.

 

REAL ESTATE

Larchmont median real estate price is $385,085, which is more expensive than 71.7% of the neighborhoods in Virginia and 78.2% of the neighborhoods in the U.S.

The average rental price in Larchmont is currently $1,620, based on NeighborhoodScout’s exclusive analysis. The average rental cost in this neighborhood is higher than 60.6% of the neighborhoods in Virginia.

Larchmont is an urban neighborhood (based on population density) located in Norfolk, Virginia.

Larchmont real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Larchmont neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Larchmont are 6.6%, which is lower than one will find in 65.3% of American neighborhoods. Demand for real estate in Larchmont is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.


CHECK OUT THIS FREE REPORT OF THE HOMES IN AND AROUND THIS AMAZING NEIGHBORHOOD RIGHT HERE!