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Norfolk, Virginia   Add Favorite    38 Reviews | Review This Place




Find your Best Mortgage in Norfolk: Fixed Rate, Adjustable Rate, 30 years, 15 years.

Pros

-Nearby water recreation
-Educated population
-Stable economy

Cons

-Growth and sprawl
-Rising costs
-Air service


What Bert Has To Say About Virginia Beach-Norfolk-Newport News Metro Area


This complex area straddles the waterway known as Hampton Roads, a large bay that empties into the Chesapeake Bay and Atlantic Ocean. It is the largest metropolitan area in the state in terms of population, and offers an interesting mix of urban, suburban, waterfront and inland environments. The cities of Norfolk, Chesapeake, and Portsmouth are to the south of the waterway, with the large and rapidly growing Virginia Beach located a few miles to the east along the Atlantic Shore. Hampton and Newport News lie to the north across a long bridge-tunnel connection. The natural harbor makes for one of the best ports on the East Coast, and shipping and shipbuilding activity are paramount, along with fishing and seaport-related commerce.


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Highlights



Quick Facts About Norfolk


    ECONOMY
    The unemployment rate in Norfolk is 5.30 percent(U.S. avg. is 5.20%). Recent job growth is Negative. Norfolk jobs have Decreased by 0.19 percent.
    COST OF LIVING
    Compared to the rest of the country, Norfolk's cost of living is 2.40% Lower than the U.S. average.
    POPULATION
    As of 2014, Norfolk's population is 246,393 people. Since 2000, it has had a population growth of -5.68 percent.
    TRANSPORTATION
    Average Commute time is 25 minutes. The National Average is 26 minutes.
    REAL ESTATE
    The median home cost in Norfolk is $177,400. Home appreciation the last 10 years has been -2.68%.
    SCHOOLS
    Norfolk public schools spend $11,467 per student. The average school expenditure in the U.S. is $12,383. There are about 16.4 students per teacher in Norfolk.

Norfolk Ranked & Rated



Norfolk Housing Market


It's a good time to buy in Norfolk. Home Appreciation is up 0.6% in the last 12 months. Browse Norfolk Real Estate.
The median home price in Norfolk is $177,400. Browse Homes in this Range.
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Reviews for Norfolk, Virginia


Unknown
Norfolk

Star Rating Not a fan. Not for me. Just okay. Great place. The best place.
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  7/7/2014
Norfolk

Great place to... (Read More)

 80

 65

  4/30/2014
Garbage

This place is horrible. Well, I tend to be negative, so I'll try to start with positive: spring time is nice. Ok, now on to the rest of the truth. Taxes. There are taxes... (Read More)

 90

 62

  1/6/2014
Hampton Roads

The Hampton Roads area is a very close knit military town. There are very few good areas of town, it is pretty much street by street, it is a pretty consistent mix, you... (Read More)

 68

 73

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