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Housing in Norfolk, Virginia

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HousingNorfolk, VAUnited States
Median Home Age50.335.1
Median Home Cost$164,000$153,800
Home Appreciation-2.70%1.62%
Homes Owned41.31%57.69%
Housing Vacant8.98%11.38%
Homes Rented49.71%30.93%
Property Tax Rate$13.43$11.20
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Less Than $20,0000.96%2.72%
$20,000 to $39,9990.81%4.03%
$40,000 to $59,9991.20%5.58%
$60,000 to $79,9992.46%7.09%
$80,000 to $99,9994.54%8.80%
$100,000 to $149,99932.23%21.26%
$150,000 to $199,99925.33%14.87%
$200,000 to $299,99917.38%16.82%
$300,000 to $399,9996.89%7.83%
$400,000 to $499,9993.53%4.04%
$500,000 to $749,9993.12%4.05%
$750,000 to $999,9990.80%1.26%
$1,000,000 or more0.75%1.64%
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1999 to 20056.90%13.71%
1995 to 19986.49%14.31%
1990 to 19946.49%14.31%
1980 to 19899.96%13.87%
1970 to 197912.70%16.17%
1960 to 196913.36%11.70%
1950 to 195922.04%11.08%
1940 to 194913.97%6.02%
1939 or Earlier14.58%13.15%

The median home value in Norfolk, VA, is $164,000. Home appreciation is -2.70% over the last year. The median age of Norfolk, VA, real estate is 50 years.

Norfolk, VA Apartments and Rentals

Renters make up 49.71% of the Norfolk, VA, population. 8.98% of houses and apartments in Norfolk, VA, are unoccupied (vacancy rate).

Norfolk Housing SperlingViews

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)Have an opinion about Norfolk? Leave a commentTo See All SperlingViews for Norfolk Click Here