The Most Affordable Neighborhoods in Lindenwood, Norfolk, VA by Home Value

 

Lindenwood, Norfolk, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lindenwood area can be challenging. Home prices in Lindenwood are now at a median cost of $157,452, lower than the Norfolk average of $234,953.

The average cost of rent is $1,023/mo in Lindenwood, primarily driven by the current value of real estate in the Lindenwood area. While nearly 27.44% of residents own their homes outright in Lindenwood, 63.79% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lindenwood is $3,311 per month. Households that rent pay about 30.89% of their income on rent here. Lindenwood's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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