Grandy Park median real estate price is $149,603, which is less expensive than 78.9% of Virginia neighborhoods and 59.2% of all U.S. neighborhoods.
The average rental price in Grandy Park is currently $1,103, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.6% of Virginia neighborhoods.
Grandy Park is an urban neighborhood (based on population density) located in Norfolk, Virginia.
Grandy Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Grandy Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Grandy Park has a 14.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.