Home / Select Cities  /  2024 Comparing Norfolk, VA vs. Lexington, KY

2024 Compare Cities Housing:
Norfolk, VA vs Lexington, KY

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Highlights
- The median age of a home in Norfolk is 31.6% older than the median age of a home in Lexington.

Housing
 Norfolk, VALexington, KYUnited States
 Median Home Age573942
 Median Home Cost$271,500$260,300$338,100
 Home Appr. Last 12 months12.2%16.4%16.6%
 Home Appr. Last 5 yrs.49.5%52.8%57.0%
 Home Appr. Last 10 yrs.55.7%81.5%101.1%
 Property Tax Rate$10.9$9.4$11.0
 Homes Owned40.1%50.1%57.4%
 Housing Vacant8.0%7.5%11.2%
 Homes Rented51.9%42.4%31.4%
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 Avg Rent For Home Or Apartment
 Norfolk, VALexington, KYUnited States
 Average Rent$1,780$1,510$1,840
 Studio Apartment$1,090$780$1,080
 1 Bedroom Home or Apartment$1,110$930$1,180
 2 Bedroom Home or Apartment$1,290$1,130$1,430
 3 Bedroom Home or Apartment$1,810$1,530$1,860
 4 Bedroom Home or Apartment$2,200$1,770$2,160
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 Vacant Housing
 Norfolk, VALexington, KYUnited States
 Vacant For Rent2.8%2.2%1.9%
 Vacant Rented0.6%0.5%0.4%
 Vacant For Sale0.9%0.4%0.7%
 Vacant Sold0.2%0.2%0.4%
 Vacant Vacation0.4%1.0%3.6%
 Vacant Other3.1%3.2%4.1%
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 Owner-Occupied Housing Value
 Norfolk, VALexington, KYUnited States
 Less Than $20,0002.1%1.4%2.6%
 $20,000 to $39,9990.6%0.7%2.4%
 $40,000 to $59,9990.7%1.0%2.8%
 $60,000 to $79,9991.1%2.0%3.9%
 $80,000 to $99,9991.9%3.8%4.5%
 $100,000 to $149,99911.6%16.7%11.3%
 $150,000 to $199,99922.6%19.3%13.0%
 $200,000 to $299,99933.4%25.2%20.1%
 $300,000 to $399,99911.8%14.5%13.6%
 $400,000 to $499,9995.8%6.4%8.3%
 $500,000 to $749,9995.2%5.7%9.7%
 $750,000 to $999,9991.7%2.0%3.9%
 $1,000,000 to $1,499,9991.2%0.6%2.2%
 $1,500,000 to $1,999,9990.2%0.2%0.8%
 $2,000,000 and over0.3%0.5%1.1%
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 Housing Units By Year Built
 Norfolk, VALexington, KYUnited States
 2015 and Newer0.2%0.2%0.2%
 2010 to 20147.1%14.2%13.6%
 2000 to 20097.1%14.2%13.6%
 1990 to 19996.3%16.5%13.6%
 1980 to 198910.7%13.2%13.2%
 1970 to 197911.4%15.2%14.8%
 1960 to 19696.3%16.5%13.6%
 1950 to 195919.4%8.9%10.0%
 1940 to 194910.6%2.9%4.7%
 1939 or Earlier15.6%7.1%12.2%

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Reviews for Norfolk    41 Reviews

I've lived in Norfolk for most of my life, and I love it here. I love the maker scene, and the new breweries. The arts scene, especially the theater side is always  More

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Over 6 years ago

I have lived in Norfolk VA for 11 months and,I cant wait to leave.It is full of crime ,homeless and undeveloped city.Public transportation is terrible and its wet and  More

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Over 6 years ago

I was born in Norfolk, and lived in Norfolk and Virginia Beach until my early 20s. Here are 10 things that are 100% true about Norfolk you may have heard before: 1) It's  More

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Reviews for Lexington    62 Reviews

Lexington is a beautiful city. There are tons of tree lined streets and even trees in both sides of the city's only freeway. It's relatively small, which can be both  More

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Over 3 years ago

Very beautiful/underrated city!!  More

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I have lived here now for over five years, originally from the west coast and here is my top 10 for why you should NOT move here. #1 The Culture: They have none, it  More

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ZIPS IN NORFOLK, VIRGINIA
23503, 23518, 23513, 23505, 23504, 23508, 23502, 23511, 23509, 23523, 14 total
ZIPS IN LEXINGTON, KENTUCKY
40509, 40517, 40515, 40511, 40503, 40504, 40502, 40508, 40505, 40514, 14 total

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