Exhibit I-16
MEDIAN EXISTING SINGLE-FAMILY HOME PRICE
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
1990-2020
YEAR
MEDIAN
PRICE CAGR
1980
$49,094
1985
$71,946 7.94%
1990
$85,020 3.40%
1995
$105,742 4.46%
2000
$113,373 1.40%
2005
$221,679 14.35%
2010
$202,886 -1.76%
2015
$216,659 1.32%
2020
$262,383 3.90%
2025
$307,620 3.23%
2030
$354,511 2.88%
2035
$409,732 2.94%
2040
$487,565 3.54%
1980-2010
4.84%
$150,000
$200,000
$250,000
$300,000
PROJECTED
SOURCE: Moody's Analytics
$0
$50,000
$100,000
Median Existing Single-Family Home Price (NAR)
Exhibit I-16
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
