The Most Affordable Neighborhoods in Norvello, VA by Home Value

These days, finding an affordable place to live in the Norvello area can be challenging. Home prices in Norvello are now at a median cost of $153,000, lower than the Virginia average of $443,089.

The average cost of rent is $819/mo in Norvello, primarily driven by the current value of real estate in the Norvello area. In Norvello, 18.71% of households rent, and 76.11% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Norvello is $4,475 per month. Households that rent pay about 18.30% of their income on rent here. Norvello’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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