Neighborhood Market Analysis
Generally bounded by the Lafayette River to the east and south, Hampton Boulevard to the west, and bordered by Edgewater to the north. ZIP code 23508.
Mix of university faculty, military families, professionals, and long-term residents. Median age skewed slightly younger due to proximity to Old Dominion University.
Tight-knit, historic, and active; strong neighborhood association and frequent community gatherings.
Highly rated for families due to schools, parks, and community events.
Homes priced at or just below median move quickly; premium for renovated or riverfront properties.
Provide documentation on flood mitigation, recent city improvements, and clarify actual insurance premiums.
Highlight recent updates, pre-listing inspections, and local contractor recommendations.
Emphasize off-street parking options and typical quiet outside of event times.
Strong, especially for renovated historic homes and riverfront properties.
High, due to proximity to ODU and military bases; strong demand for both single-family and small multifamily rentals.
Moderate to high, especially for updated homes and those in top school zones.
Leverage school ratings and historic charm in marketing materials.
Educate buyers on flood risk and mitigation.
Network with ODU and military relocation services.
Stage homes to highlight flexible living spaces and outdoor areas.
Monitor inventory closely for off-market and coming-soon listings.
Premium historic neighborhood with strong schools and lifestyle appeal.
Larchmont is priced above Norfolk average ($214,250 citywide in June 2025), but below Ghent for similar home sizes.
Challenging due to price point, but possible with smaller homes or fixer-uppers; recommend acting quickly and considering renovation loans.
Ideal for those seeking larger homes, better schools, or riverfront living; strong equity growth potential.
Limited inventory of smaller, low-maintenance homes; may need to compete for updated cottages.
Strong rental demand, especially for ODU/military; focus on homes with minimal flood risk and recent updates.
Popular for military and university moves; highlight community, schools, and proximity to major employers.
This neighborhood analysis was generated using hyperlocal data and AI intelligence.
Neighborhood conditions change - consult with local real estate professionals for the most current information.
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