Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Norfolk area can be challenging. Home prices in South Norfolk are now at a median cost of $195,374, lower than the Chesapeake average of $299,034.
The average cost of rent is $1,101/mo in South Norfolk, primarily driven by the current value of real estate in the South Norfolk area. While nearly 38.18% of residents own their homes outright in South Norfolk, 38.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Norfolk is $4,650 per month. Households that rent pay about 23.68% of their income on rent here. South Norfolk's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Indian River, Chesapeake, VA: equally priced homes
- Greenbrier West, Chesapeake, VA: higher priced homes
- Deep Creek North, Chesapeake, VA: equally priced homes
- Central Brambleton, Norfolk, VA: equally priced homes
- Downtown Norfolk, Norfolk, VA: higher priced homes
- Greenbrier East, Chesapeake, VA: higher priced homes
- Ghent Square, Norfolk, VA: higher priced homes
- Ghent, Norfolk, VA: higher priced homes
- Deep Creek South, Chesapeake, VA: higher priced homes
- Lindenwood, Norfolk, VA: less expensive homes
Neighborhoods with Similar Populations
- Bergen-Lafayette, Jersey City, NJ: higher priced homes
- Carroll Gardens, Brooklyn, NY: higher priced homes
- Cedar Brook, Philadelphia, PA: equally priced homes
- Central Colorado City, Colorado Springs, CO: higher priced homes
- Stanford University, Stanford, CA: higher priced homes
- Oakland City, Atlanta, GA: less expensive homes
- Old Northwest-West University, Reno, NV: higher priced homes
- Point Breeze-Philadelphia, Philadelphia, PA: higher priced homes
- Poplar-Ludlow-Yorktowne, Philadelphia, PA: higher priced homes
- Portar Ranch, Northridge, CA: higher priced homes
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