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Park Place (Tract 002900)

Norfolk, Virginia

FIPS 51710002900

Juniper

Park Place (Tract 002900) is in the lowest 32% nationally for FEMA risk score. It also sits in the lowest 21% nationally for median income. And it sits in the highest 32% nationally for home price against income.

Median Income

$54,038

Lower than 79% of U.S. tracts
Home Price vs Incomeyears of income to buy a typical home

4.66×

Higher than 68% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

32.1

Lower than 68% of U.S. tracts

The basics

Total Population

3,485

Median Age

34.5

Population Density

5,046.41

Home values & property tax

Median Property Tax

$1,617

Property Tax Rateyearly tax as a share of home value

0.64%

Cost of living & affordability

Median Rent

$1,196

Lower than 58% of U.S. tracts

Home prices & appreciation

Pandemic Price Run-Up2019–20 low → 2022–23 peak

21%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

39%

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

$0.03

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 002900): frequently asked questions

How much is property tax in Park Place (Tract 002900)?
The median annual property tax in Park Place (Tract 002900) is $1,617, an effective rate of 0.64% of home value.
Is Park Place (Tract 002900) expensive to live in?
Homes in Park Place (Tract 002900) cost about 4.66× the median household income, higher than 68% of U.S. tracts.
What is the average rent in Park Place (Tract 002900)?
The median gross rent in Park Place (Tract 002900) is $1,196 a month, lower than 58% of U.S. tracts.
How many people live in Park Place (Tract 002900)?
Park Place (Tract 002900) has a population of 3,485, about 5,046.41 people per square mile, per the U.S. Census American Community Survey. The median age is 34.5.
What is the weather like in Park Place (Tract 002900)?
Park Place (Tract 002900) 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 002900) at risk of flooding or natural disasters?
Park Place (Tract 002900)'s FEMA National Risk Index score is 32.1 (lower than 68% of U.S. tracts). Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0.03 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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