Cavalier Park / Bay Colony median real estate price is $725,804, which is more expensive than 94.9% of the neighborhoods in Virginia and 95.2% of the neighborhoods in the U.S.
The average rental price in Cavalier Park / Bay Colony is currently $1,348, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.3% of Virginia neighborhoods.
Cavalier Park / Bay Colony is a suburban neighborhood (based on population density) located in Virginia Beach, Virginia.
Cavalier Park / Bay Colony 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 owner occupied. Many of the residences in the Cavalier Park / Bay Colony neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Cavalier Park / Bay Colony. The current real estate vacancy rate here is 22.9%. This is higher than the rate of vacancies in 88.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (12.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.