The housing median value in 23511 Norfolk, VA is $295,500, which is slightly lower than the US House Median Value of $338,100. However, the 1 year appreciation for houses in this area has been 8.59%, higher than the US 1 year House Appreciation of 8.27%. This indicates that there is strong growth potential in the housing market in Norfolk and it could be an attractive option for those looking to invest in real estate.
The median home cost in Norfolk (zip 23511) is $295,500. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23511) is up 12.2%.
Average Age of Homes
- The median age of Norfolk (zip 23511) real estate is 56 years old
The Rental Market in Norfolk (zip 23511)
- Renters make up 97.6% of the Norfolk (zip 23511) population
- 1.2% of houses and apartments in Norfolk (zip 23511), 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.