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Housing

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  HOUSING OVERVIEW
  

The median home value in Norfolk, Virginia, is $177,400. Home appreciation is -2.68% over the last year. The median age of Norfolk, Virginia, real estate is 51 years.

Norfolk, Virginia Apartments and Rentals

Renters make up 50.85% of the Norfolk, Virginia, population. 9.72% of houses and apartments in Norfolk, Virginia, are unoccupied (vacancy rate).

  HOUSINGNorfolk, VirginiaUnited States
  Median Home Age  5137
  Median Home Cost  $177,400$185,800
  Home Appr. Last 12 months  0.63%3.74%
  Home Appr. Last 5 yrs.  -6.76%16.02%
  Home Appr. Last 10 yrs.  -2.68%-0.68%
  Property Tax Rate  $10.41$11.80
  Homes Owned  39.43%56.34%
  Housing Vacant  9.72%12.45%
  Homes Rented  50.85%31.21%
  AVERAGE RENT FOR HOME OR APARTMENT
  Studio Apartment  $818$712
  1 Bedroom Home or Apartment  $824$825
  2 Bedroom Home or Apartment  $995$1,027
  3 Bedroom Home or Apartment  $1,384$1,379
  4 Bedroom Home or Apartment  $1,737$1,601
  VACANT HOUSING
  Vacant For Rent  3.84%2.34%
  Vacant Rented  0.54%0.46%
  Vacant For Sale  1.34%1.20%
  Vacant Sold  0.33%0.46%
  Vacant Vacation  0.33%3.97%
  Vacant Other  3.36%4.02%
  VALUE OF OWNER-OCCUPIED HOUSING
  Less Than $20,000  4.03%4.57%
  $20,000 to $39,999  0.65%3.37%
  $40,000 to $59,999  0.35%4.19%
  $60,000 to $79,999  2.32%5.74%
  $80,000 to $99,999  4.09%6.79%
  $100,000 to $149,999  16.90%15.19%
  $150,000 to $199,999  26.81%14.69%
  $200,000 to $299,999  23.37%18.15%
  $300,000 to $399,999  9.70%10.43%
  $400,000 to $499,999  3.69%5.70%
  $500,000 to $749,999  4.98%6.39%
  $750,000 to $999,999  1.96%2.41%
  $1,000,000 or more  1.15%2.39%
  HOUSING UNITS BY YEAR STRUCTURE BUILT
  2010 and newer  1.50%2.03%
  2000 to 2009  7.86%14.63%
  1990 to 1999  5.42%14.01%
  1980 to 1989  11.29%13.70%
  1970 to 1979  13.45%15.66%
  1960 to 1969  5.42%14.01%
  1950 to 1959  18.99%10.63%
  1940 to 1949  12.22%5.25%
  1939 or Earlier  15.55%13.09%

  HOUSING MAP

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  HOUSING COMMENTS
  
Norfolk, VA
Norfolk has a commitment to end homelessness, while at the same time they install benches isn public places which are designed so that no one can sleep on them. As... (read more)
Norfolk Va. A nice place to live
With the crime rate having dropped, and the housing market not in to bad of a shape living here is getting much better. Job market is ok due to the very large military... (read more)
Dont retire in Norfolk
Too much activity...too much traffic and people. Go to Williamsburg area if you can afford... (read more)
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  GENERAL COMMENTS
  
Living in Norfolk by the Sea
I have lived in Norfolk since 1983. It's the city at the center of the "Hampton Roads" region, which consists of roughly 7 competing cities all within a stone's throw... (read more)
A Disappointing, mediocre military town
I have lived here in Norfolk for over 16.5 years and I would highly recommend that(if you are not a military service member,dependent, retiree, civil servant or DOD... (read more)
Cleaner streets, a challenge.
I have been a Norfolk resident for close to 50 years. I have worked and retired here.I like our city even with it's problems. It has afforded me a living, and many... (read more)
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