housing costs · Virginia
Housing costs in Norfolk city
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,321 | ± $27 | evidence → |
| 2019–2023 | $1,246 | ± $20 | evidence → |
| 2018–2022 | $1,188 | ± $14 | evidence → |
| 2017–2021 | $1,114 | ± $16 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $289,900 | ± $5,479 | evidence → |
| 2019–2023 | $271,900 | ± $4,696 | evidence → |
| 2018–2022 | $254,200 | ± $4,568 | evidence → |
| 2017–2021 | $223,300 | ± $3,933 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 32.3 % | ± 0.9 % | evidence → |
| 2019–2023 | 31.7 % | ± 1.0 % | evidence → |
| 2018–2022 | 31.8 % | ± 0.9 % | evidence → |
| 2017–2021 | 30.9 % | ± 0.9 % | evidence → |
In context
Median rent in Norfolk city is $1,321, above the Virginia median of $1,059 across 133 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.