Park Place Eviction Risk: Moderate

73% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building two streets over. Annualized rent equals 33% of average household income here, past the 30% affordability line, which compresses the margin any screening standard has to work with. The clearest offset is supply constraint, at 1.8/10.

Severe burden reaches 18%. A tenant at that level absorbs no shock: one cut shift or one repair bill converts directly into arrears. Well under the midpoint is rent-regulation exposure, at 2/10.

The poverty rate is 19%, which shows up in this model as reduced rent-recovery odds after a judgment. SNAP participation is 27.1% of households versus 15.2% nationally.

CDC survey data puts housing insecurity at 22.6% of adults, against 14.2% nationally. The filing record is not thin: 415 evictions logged in this tract.

At $1,155 a month, rents sit 13% under what the rest of Norfolk commands. Filing activity peaked in 2011 at 39.2% of renter households. Recent filings have not receded much: 24.9% in 2016 against a 39.2% peak.

Among the 55 mapped neighborhoods of Norfolk, it ranks #11 by risk, the upper third. Social vulnerability runs high at 9.1/10, concentrating the disaster- and displacement-exposure this model treats as a lagging risk input.

Because the boundary contains one tract, 5/10 is simultaneously the area figure and the address-level figure. The number is rebuilt whenever its ACS, court-record, or statutory inputs change.