Norfolk is a mid-sized city in VA with a population of 246,393 residents. With a median home price of $393,124 (12% above the national median) and median household income of $76,830, Norfolk is considered somewhat expensive with a price-to-income ratio of 5.1x.
The real estate market in Norfolk features a median home price of $393,124, which is 12% higher than the U.S. national median of $350,000. Monthly rent averages $1,638, 9% above the national average. Over the past decade, rent has increased by 68%.
Norfolk has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Norfolk offers a median household income of $76,830, which is 10% higher than the national median of $70,000. Residents spend approximately 26% of their income on rent annually, which is within the recommended 30% threshold.
Understanding the climate of Norfolk is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Norfolk compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Norfolk is $393,124, with average monthly rent of $1,638. The median household income is $76,830, giving the city a price-to-income ratio of 5.1x.
Norfolk has moderate affordability with a price-to-income ratio of 5.1x, close to the national average.
Norfolk has a population of 246,393 residents, making it the #121 largest city in the United States.
Norfolk has a violent crime rate of 226 per 100,000 residents, which is below the national average. The property crime rate is 1449 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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