Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Northwest area can be challenging. Home prices in Northwest are now at a median cost of $335,629, higher than the Virginia Beach average of $275,349.
The average cost of rent is $1,631/mo in Northwest, primarily driven by the current value of real estate in the Northwest area. While nearly 28.66% of residents own their homes outright in Northwest, 42.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Northwest is $7,044 per month. Households that rent pay about 23.15% of their income on rent here. Northwest's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- US Navy Little Creek Amphibious Base, Norfolk, VA: equally priced homes
- Huntington-Jefferson, Virginia Beach, VA: less expensive homes
- Kempsville Gardens, Virginia Beach, VA: less expensive homes
- North Central, Virginia Beach, VA: higher priced homes
- East Ocean View, Norfolk, VA: higher priced homes
- Roosevelt Gardens Area, Norfolk, VA: less expensive homes
- Larrymore Lawns, Norfolk, VA: less expensive homes
- Ballentine Place, Norfolk, VA: less expensive homes
- Fairmont Park, Norfolk, VA: less expensive homes
- Indian River, Chesapeake, VA: less expensive homes
Neighborhoods with Similar Populations
- North Valley, San Jose, CA: higher priced homes
- Far Rockaway, Queens, NY: higher priced homes
- Galleria-Uptown, Houston, TX: higher priced homes
- Hickory Ridge-South Riverdale, Memphis, TN: less expensive homes
- Hollywood, Los Angeles, CA: higher priced homes
- Lake View, Chicago, IL: higher priced homes
- Logan Square, Chicago, IL: higher priced homes
- Lower East Side, Manhattan, NY: higher priced homes
- North Long Beach, Long Beach, CA: higher priced homes
- North, Raleigh, NC: equally priced homes
All Local Stats
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