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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 $347,153, lower than the Virginia average of $443,089.
The average cost of rent is $1,673/mo in Suffolk, primarily driven by the current value of real estate in the Suffolk area. In Suffolk, 29.27% of households rent, and 25.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Suffolk is $8,177 per month. Households that rent pay about 20.46% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive homes
- Norfolk, VA: less expensive homes
Cities with Similar Populations
- Frederick, MD: higher 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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