Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Norfolk city, Virginia?
City · Census ACS 5-Year estimates
The median home value in Norfolk city, Virginia is $289,900 (±$5,479), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,321/month, and the median household income is $66,109/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Norfolk city, Virginia
| Metric | Value |
|---|---|
| Median Home Value | $289,900 |
| Median Gross Rent | $1,321 |
| Median Household Income | $66,109 |
| Total Housing Units | 94,965 |
| Renter-Occupied Units | 50,965 |
| Renter-Occupied Share | 54% |
How does Norfolk city, Virginia compare?
Median home value ranked against all cities in Virginia.
Higher home value than 53% of cities in Virginia · 271th of 580
| # | City | Value |
|---|---|---|
| 1 | Free Union CDP | $1,527,400 |
| 2 | McLean CDP | $1,412,700 |
| 3 | Great Falls CDP | $1,411,000 |
| … 267 more … | ||
| 271 | Norfolk city(you are here) | $289,900 |
| … 306 more … | ||
| 578 | Riverview CDP | $38,500 |
| 579 | Boissevain CDP | $32,100 |
| 580 | St. Charles CDP | $9,999 |
More data for Norfolk city, Virginia
Frequently asked questions
What is the median home value in Norfolk city, Virginia?
The median home value in Norfolk city, Virginia is $289,900, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Norfolk city, Virginia?
The median gross rent in Norfolk city, Virginia is $1,321/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Norfolk city, Virginia?
The median household income in Norfolk city, Virginia is $66,109/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $289,900 has a margin of error of ±$5,479. In very small areas, MOEs can be large relative to the estimate.
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