Norfolk City County, VA Housing

Norfolk city, VA County is known for its affordable housing market. The median value of a home in the area is currently $256,000 which is quite low compared to the national average of $338,100. The appreciation rate of homes in Norfolk city has also seen an impressive rise with an 18.69% increase over the past year, which is notably higher than the 8.27% increase that we have seen across the US as a whole. This makes it an attractive destination for potential homebuyers looking for an affordable place to call home.

The median home cost in Norfolk City County is $256,000. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk City County is up 12.2%.

Average Age of Homes

- The median age of Norfolk City County real estate is 55 years old

The Rental Market in Norfolk City County

- Renters make up 50.9% of the Norfolk City County population
- 2.8% of houses and apartments in Norfolk City County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Norfolk City, Virginia	United States
	100,947.0	139,647,020.0
	57	42
	$256,000	$338,100
	12.2%	16.6%
	49.5%	57.0%
	55.7%	101.1%
	$10.93	$10.98
	$2,440	$2,690
	40.1%	57.4%
	8.0%	11.2%
	51.9%	31.4%
Vacant Housing
	2.8%	1.9%
	0.6%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.4%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	0.6%	2.4%
	0.7%	2.8%
	1.1%	3.9%
	1.9%	4.5%
	11.6%	11.3%
	22.6%	13.0%
	33.4%	20.1%
	11.8%	13.6%
	5.8%	8.3%
	5.2%	9.7%
	1.7%	3.9%
	1.2%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	6.3%	13.6%
	10.7%	13.2%
	11.4%	14.8%
	6.3%	13.6%
	19.4%	10.0%
	10.6%	4.7%
	15.6%	12.2%

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