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These days, finding an affordable place to live in the Suffolk area can be challenging. Home prices in Suffolk are now at a median cost of $282,438, lower than the Virginia average of $323,261.
The average cost of rent is $1,432/mo in Suffolk, primarily driven by the current value of real estate in the Suffolk area. While nearly 26.04% of residents own their homes outright in Suffolk, 28.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Suffolk is $7,634 per month. Households that rent pay about 18.76% of their income on rent here. Suffolk's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Everets, VA: equally priced homes
- Longview, VA: equally priced homes
- Orbit, VA: less expensive homes
- Windsor, VA: less expensive homes
- Portsmouth, VA: less expensive homes
- Whitley, VA: equally priced homes
- Chesapeake, VA: equally priced homes
- Carrsville, VA: less expensive homes
- Zuni, VA: equally priced homes
- Norfolk, VA: less expensive homes
Cities with Similar Populations
- Frederick, MD: equally priced homes
- Federal Way, WA: higher priced homes
- Fontana, CA: higher priced homes
- Franklin, TN: higher priced homes
- Fort Smith, AR: less expensive homes
- Fort Collins, CO: higher priced homes
- Flagstaff, AZ: higher priced homes
- Fredericksburg, VA: higher priced homes
- Framingham, MA: higher priced homes
- Fargo, ND: less expensive homes
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