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The median home value in Norfolk, Virginia, is $173,500. Home appreciation is 2.10% over the last year. The median age of Norfolk, Virginia, real estate is 51 years.

Norfolk, Virginia Apartments and Rentals

Renters make up 48.75% of the Norfolk, Virginia, population. 10.35% of houses and apartments in Norfolk, Virginia, are unoccupied (vacancy rate).

  HOUSINGNorfolk, VirginiaUnited States
  Median Home Age  5137
  Median Home Cost  $173,500$170,100
  Home Appr. Last 12 months  2.10%4.90%
  Home Appr. Last 5 yrs.  -14.80%-4.60%
  Home Appr. Last 10 yrs.  24.00%12.70%
  Property Tax Rate  $10.57$12.07
  Homes Owned  40.90%57.34%
  Housing Vacant  10.35%12.47%
  Homes Rented  48.75%30.19%
  Studio Apartment  $767$661
  1 Bedroom Home or Apartment  $787$765
  2 Bedroom Home or Apartment  $949$957
  3 Bedroom Home or Apartment  $1,311$1,289
  4 Bedroom Home or Apartment  $1,651$1,490
  Vacant For Rent  3.74%2.50%
  Vacant Rented  1.18%0.46%
  Vacant For Sale  1.57%1.38%
  Vacant Sold  0.46%0.46%
  Vacant Vacation  0.42%3.81%
  Vacant Other  3.00%3.87%
  Less Than $20,000  1.63%3.30%
  $20,000 to $39,999  0.85%3.44%
  $40,000 to $59,999  0.45%4.18%
  $60,000 to $79,999  1.03%5.80%
  $80,000 to $99,999  2.60%7.08%
  $100,000 to $149,999  13.41%15.77%
  $150,000 to $199,999  26.41%15.03%
  $200,000 to $299,999  29.15%18.50%
  $300,000 to $399,999  10.35%10.39%
  $400,000 to $499,999  5.74%5.66%
  $500,000 to $749,999  5.53%6.39%
  $750,000 to $999,999  1.66%2.28%
  $1,000,000 or more  1.21%2.18%
  2010 and newer  0.37%0.29%
  2000 to 2009  7.62%14.18%
  1990 to 1999  5.74%13.96%
  1980 to 1989  10.87%13.99%
  1970 to 1979  12.80%16.09%
  1960 to 1969  5.74%13.96%
  1950 to 1959  20.32%11.05%
  1940 to 1949  13.19%5.59%
  1939 or Earlier  15.08%13.68%
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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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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