Home / Select Cities  /  2024 Comparing Richmond, VA vs. Norfolk, VA

2024 Compare Cities Housing:
Richmond, VA vs Norfolk, VA

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Highlights
- The median age of a home in Richmond is 9.5% older than the median age of a home in Norfolk.

Housing
 Richmond, VANorfolk, VAUnited States
 Median Home Age635742
 Median Home Cost$327,100$271,500$338,100
 Home Appr. Last 12 months15.2%12.2%16.6%
 Home Appr. Last 5 yrs.57.5%49.5%57.0%
 Home Appr. Last 10 yrs.93.9%55.7%101.1%
 Property Tax Rate$9.5$10.9$11.0
 Homes Owned38.9%40.1%57.4%
 Housing Vacant10.3%8.0%11.2%
 Homes Rented50.8%51.9%31.4%
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 Avg Rent For Home Or Apartment
 Richmond, VANorfolk, VAUnited States
 Average Rent$1,680$1,780$1,840
 Studio Apartment$1,140$1,090$1,080
 1 Bedroom Home or Apartment$1,170$1,110$1,180
 2 Bedroom Home or Apartment$1,320$1,290$1,430
 3 Bedroom Home or Apartment$1,710$1,810$1,860
 4 Bedroom Home or Apartment$2,080$2,200$2,160
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 Vacant Housing
 Richmond, VANorfolk, VAUnited States
 Vacant For Rent2.9%2.8%1.9%
 Vacant Rented1.3%0.6%0.4%
 Vacant For Sale0.6%0.9%0.7%
 Vacant Sold0.6%0.2%0.4%
 Vacant Vacation0.3%0.4%3.6%
 Vacant Other4.6%3.1%4.1%
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 Owner-Occupied Housing Value
 Richmond, VANorfolk, VAUnited States
 Less Than $20,0001.1%2.1%2.6%
 $20,000 to $39,9990.4%0.6%2.4%
 $40,000 to $59,9990.9%0.7%2.8%
 $60,000 to $79,9992.9%1.1%3.9%
 $80,000 to $99,9994.2%1.9%4.5%
 $100,000 to $149,99911.4%11.6%11.3%
 $150,000 to $199,99915.1%22.6%13.0%
 $200,000 to $299,99921.0%33.4%20.1%
 $300,000 to $399,99916.5%11.8%13.6%
 $400,000 to $499,9998.6%5.8%8.3%
 $500,000 to $749,99910.3%5.2%9.7%
 $750,000 to $999,9993.9%1.7%3.9%
 $1,000,000 to $1,499,9992.3%1.2%2.2%
 $1,500,000 to $1,999,9990.7%0.2%0.8%
 $2,000,000 and over0.8%0.3%1.1%
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 Housing Units By Year Built
 Richmond, VANorfolk, VAUnited States
 2015 and Newer0.1%0.2%0.2%
 2010 to 20145.3%7.1%13.6%
 2000 to 20095.3%7.1%13.6%
 1990 to 19995.8%6.3%13.6%
 1980 to 19897.1%10.7%13.2%
 1970 to 19799.9%11.4%14.8%
 1960 to 19695.8%6.3%13.6%
 1950 to 195914.7%19.4%10.0%
 1940 to 19499.1%10.6%4.7%
 1939 or Earlier29.6%15.6%12.2%

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Reviews for Richmond    109 Reviews

Over 2 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 3 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 3 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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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 6 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 6 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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ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN NORFOLK, VIRGINIA
23503, 23518, 23513, 23505, 23504, 23508, 23502, 23511, 23509, 23523, 14 total

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