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Park Place (Tract 002700)

Norfolk, Virginia

FIPS 51710002700

Juniper

Park Place (Tract 002700) is in the lowest 5% nationally for FEMA risk score. It also sits in the lowest 12% nationally for median income. And it sits in the highest 17% nationally for home price against income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$325,367

Near the U.S. tracts median
Home Price vs Incomeyears of income to buy a typical home

6.12×

Higher than 83% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

5.5

Lower than 95% of U.S. tracts

The basics

Total Population

2,907

Median Age

32.4

Population Density

7,579.11

Home values & property tax

Median Property Tax

$2,265

Property Tax Rateyearly tax as a share of home value

0.81%

Cost of living & affordability

Median Income

$45,495

Lower than 88% of U.S. tracts
Median Rent

$1,386

Near the U.S. tracts median

Climate & weather

Summer Avg High (°F)

85.9

Winter Avg Low (°F)

34.1

Avg Temperature (°F)

60.1

Hot Days/yr (>90°F)

35.2

Freezing Days/yr (<32°F)

50.5

Annual Precipitation (in)

50

Annual Snowfall (in)

3

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Park Place (Tract 002700): frequently asked questions

What is the typical home value in Park Place (Tract 002700)?
The estimated median home value in Park Place (Tract 002700) today is $325,367, near the U.S. tracts median.
How much is property tax in Park Place (Tract 002700)?
The median annual property tax in Park Place (Tract 002700) is $2,265, an effective rate of 0.81% of home value.
Is Park Place (Tract 002700) expensive to live in?
Homes in Park Place (Tract 002700) cost about 6.12× the median household income, higher than 83% of U.S. tracts.
What is the average rent in Park Place (Tract 002700)?
The median gross rent in Park Place (Tract 002700) is $1,386 a month, near the U.S. tracts median.
How many people live in Park Place (Tract 002700)?
Park Place (Tract 002700) has a population of 2,907, about 7,579.11 people per square mile, per the U.S. Census American Community Survey. The median age is 32.4.
What is the weather like in Park Place (Tract 002700)?
Park Place (Tract 002700) averages 60.1°F year-round, summer highs near 85.9°F, winter lows around 34.1°F (NOAA 1991–2020 normals). It sees about 3 inches of snow a year.
Is Park Place (Tract 002700) at risk of flooding or natural disasters?
Park Place (Tract 002700)'s FEMA National Risk Index score is 5.5 (lower than 95% of U.S. tracts). Its greatest modeled natural hazard is hurricane. Expected annual loss from flooding is $0 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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