Housing in 23502 Norfolk, VA is quite affordable, with the median value at $263,400. This is significantly lower than the US median house value of $338,100, making it ideal for budget-conscious buyers. Despite being more affordable than many other locations in the US, it still offers a great return on investment, with a 1 year house appreciation of 8.59%. This is slightly higher than the national average of 8.27%, making it an attractive option for those looking to invest in real estate.
The median home cost in Norfolk (zip 23502) is $263,400. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23502) is up 12.2%.
Average Age of Homes
- The median age of Norfolk (zip 23502) real estate is 51 years old
The Rental Market in Norfolk (zip 23502)
- Renters make up 42.3% of the Norfolk (zip 23502) population
- 0.9% of houses and apartments in Norfolk (zip 23502), 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.