Norfolk, VA Real Estate
Norfolk is a city in Norfolk city County, Virginia with a population of about 235,037. The median home value is near $271,900, and median rent runs around $1,246/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$271,900
Median Rent
$1,246/mo
Population
235,037
Median Income
$64,017
Median Age
32.4
Homeownership
45.7%
Monthly payment on a median Norfolk home
Example for a $271,900 home: 20% down, 30-yr at ~6.75%, VA property tax ~0.82%, 0.4% insurance.
Est. monthly (PITI)
$1,687
Principal & interest
$1,411
Property tax / mo
$186
Down payment (20%)
$54,380
Norfolk at a glance
- 19.3% of residents 25+ hold a bachelor's degree or higher.
- 45.7% of occupied homes are owner-occupied.
- Median household income is $64,017.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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