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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 10 years. 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 MAP

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Reviews for Norfolk


Unknown
Norfolk

Star Rating Not a fan. Not for me. Just okay. Great place. The best place.
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Start Your Review of Norfolk, VA


  7/7/2014
Norfolk

Great place to... (Read More)

 46

 36

  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)

 50

 42

  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)

 39

 49



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