Expensive
Affordable
Affordable
Colorblind friendly
off
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 $315,335, lower than the Virginia average of $443,089.
The average cost of rent is $1,451/mo in Norfolk, primarily driven by the current value of real estate in the Norfolk area. In Norfolk, 53.79% of households rent, and 32.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norfolk is $5,991 per month. Households that rent pay about 24.22% of their income on rent here. Norfolk’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Portsmouth, VA: less expensive homes
- Chesapeake, VA: higher priced homes
- Virginia Beach, VA: higher priced homes
- Carrollton, VA: higher priced homes
- Suffolk, VA: higher priced homes
- Longview, VA: higher priced homes
- Smithfield, VA: higher priced homes
- Everets, VA: equally priced homes
- Isle of Wight, VA: equally priced homes
- Orbit, VA: less expensive homes
Cities with Similar Populations
- Salem, OR: higher priced homes
- Salinas, CA: higher priced homes
- Round Rock, TX: higher priced homes
- Salt Lake City, UT: higher priced homes
- Saginaw, MI: less expensive homes
- Salisbury, NC: less expensive homes
- Roswell, GA: higher priced homes
- Provo, UT: higher priced homes
- Portsmouth, VA: less expensive homes
- Renton, WA: higher priced homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood