2025 Compare Cities Housing:
Norfolk, VA vs Richmond, VA

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Highlights
- The median age of a home in Norfolk is 10.5% younger than the median age of a home in Richmond.
 Norfolk, VARichmond, VAUnited States
 Median Home Age57  Unlock42
 Median Home Cost  Unlock$327,100$338,100
 Home Appr. Last 12 months12.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock57.5%57.0%
 Home Appr. Last 10 yrs.55.7%  Unlock101.1%
 Property Tax Rate  Unlock$9.5$11.0
 Homes Owned40.1%  Unlock57.4%
 Housing Vacant  Unlock10.3%11.2%
 Homes Rented51.9%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Norfolk, VARichmond, VAUnited States
 Average Rent  Unlock$1,680$1,840
 Studio Apartment$1,090  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,170$1,180
 2 Bedroom Home or Apartment$1,290  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,710$1,860
 4 Bedroom Home or Apartment$2,200  Unlock$2,160
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 Vacant Housing
 Norfolk, VARichmond, VAUnited States
 Vacant For Rent  Unlock2.9%1.9%
 Vacant Rented0.6%  Unlock0.4%
 Vacant For Sale  Unlock0.6%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock0.3%3.6%
 Vacant Other3.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Norfolk, VARichmond, VAUnited States
 Less Than $20,000  Unlock1.1%2.6%
 $20,000 to $39,9990.6%  Unlock2.4%
 $40,000 to $59,999  Unlock0.9%2.8%
 $60,000 to $79,9991.1%  Unlock3.9%
 $80,000 to $99,999  Unlock4.2%4.5%
 $100,000 to $149,99911.6%  Unlock11.3%
 $150,000 to $199,999  Unlock15.1%13.0%
 $200,000 to $299,99933.4%  Unlock20.1%
 $300,000 to $399,999  Unlock16.5%13.6%
 $400,000 to $499,9995.8%  Unlock8.3%
 $500,000 to $749,999  Unlock10.3%9.7%
 $750,000 to $999,9991.7%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock2.3%2.2%
 $1,500,000 to $1,999,9990.2%  Unlock0.8%
 $2,000,000 and over  Unlock0.8%1.1%
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 Housing Units By Year Built
 Norfolk, VARichmond, VAUnited States
 2015 and Newer0.2%  Unlock0.2%
 2010 to 2014  Unlock5.3%13.6%
 2000 to 20097.1%  Unlock13.6%
 1990 to 1999  Unlock5.8%13.6%
 1980 to 198910.7%  Unlock13.2%
 1970 to 1979  Unlock9.9%14.8%
 1960 to 19696.3%  Unlock13.6%
 1950 to 1959  Unlock14.7%10.0%
 1940 to 194910.6%  Unlock4.7%
 1939 or Earlier  Unlock29.6%12.2%
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 7 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 7 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 Richmond    109 Reviews

Over 3 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 4 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 4 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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