Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norfolk City area can be challenging. Home prices in Norfolk City are now at a median cost of $234,257, lower than the Virginia average of $323,261.
The average cost of rent is $1,464/mo in Norfolk City, primarily driven by the current value of real estate in the Norfolk City area. While nearly 27.89% of residents own their homes outright in Norfolk City, 55.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norfolk City is $4,394 per month. Households that rent pay about 33.32% of their income on rent here. Norfolk City's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the county.
Nearby Counties
- Portsmouth City, VA: less expensive homes
- Chesapeake City, VA: higher priced homes
- Virginia Beach City, VA: higher priced homes
- Suffolk City, VA: higher priced homes
- Isle of Wight County, VA: higher priced homes
- Southampton County, VA: less expensive homes
- Sussex County, VA: less expensive homes
- Greensville County, VA: less expensive homes
- Brunswick County, VA: less expensive homes
- Lunenburg County, VA: less expensive homes
Counties with Similar Populations
- Weber County, UT: higher priced homes
- Cherokee County, GA: higher priced homes
- Chesapeake City, VA: higher priced homes
- Clay County, FL: equally priced homes
- Clay County, MO: equally priced homes
- Cumberland County, NC: less expensive homes
- Thurston County, WA: higher priced homes
- Tuscaloosa County, AL: equally priced homes
- Union County, NC: higher priced homes
- Washington County, PA: less expensive homes
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