Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norfolk area can be challenging. Home prices in Norfolk are now at a median cost of $103,361, lower than the New York average of $481,023.
The average cost of rent is $682/mo in Norfolk, primarily driven by the current value of real estate in the Norfolk area. While nearly 45.74% of residents own their homes outright in Norfolk, 25.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norfolk is $4,552 per month. Households that rent pay about 14.98% of their income on rent here. Norfolk's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Raymondville, NY: less expensive homes
- Yaleville, NY: equally priced homes
- North Stockholm, NY: higher priced homes
- Chase Mills, NY: higher priced homes
- Plumbrook, NY: equally priced homes
- Norwood, NY: less expensive homes
- Massena Springs, NY: higher priced homes
- Sandfordville, NY: higher priced homes
- Stockholm Center, NY: higher priced homes
- Tucker Terrace, NY: higher priced homes
Cities with Similar Populations
- White Stone, VA: higher priced homes
- New Durham, NH: higher priced homes
- Shelbiana, KY: less expensive homes
- Slate Hill, NY: higher priced homes
- Fairlawn, VA: higher priced homes
- Ellis, KS: higher priced homes
- Ellinwood, KS: less expensive homes
- Edinburg, PA: equally priced homes
- East McKeesport, PA: less expensive homes
- Donalds, SC: equally priced homes
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