hampton roads Multifamily Market Report
By CREhunt Research · Data through Q3 2025 · Aggregated from Northmarq
Quarterly multifamily market indicators for hampton roads, aggregated by CREhunt from Northmarq. As of Q3 2025, average asking rent was $1,650.00/unit/mo, per Northmarq.
Projected current multifamily pricing — hampton roads
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for hampton roads multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q3 2025 Northmarq asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q3 2025 Northmarq | $1,650.00/unit/mo | — | — | — | Northmarq |
Frequently asked questions
- What is the average asking rent for multifamily space in hampton roads?
- As of Q3 2025, the average asking rent for multifamily space in hampton roads was $1,650.00/unit/mo, per Northmarq.
- What is the multifamily vacancy rate in hampton roads?
- Vacancy data for hampton roads multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's hampton roads market data come from?
- This report aggregates quarterly multifamily market data for hampton roads from Northmarq.