Pamlico / Willoughby Terrace median real estate price is $213,022, which is more expensive than 42.2% of the neighborhoods in Virginia and 56.4% of the neighborhoods in the U.S.
The average rental price in Pamlico / Willoughby Terrace is currently $1,089, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.1% of Virginia neighborhoods.
Pamlico / Willoughby Terrace is an urban neighborhood (based on population density) located in Norfolk, Virginia.
Pamlico / Willoughby Terrace real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Pamlico / Willoughby Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Pamlico / Willoughby Terrace has a 15.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.5% 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.