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Suffolk, VA Real Estate


According to census data in the year 2000 there were 24,704 housing units in Suffolk. This represents a 23.5% growth from 20,011 in 1990.

Of those housing units, 17,555 were located in either urbanized areas or urban clusters, and 7,149 were located in what is classified as a rural area.

Homeownership rate in Suffolk is about 72.2%. Suffolk's vacancy rate, including seasonal lodging, is about 5.8%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Suffolk were built after 1976.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom5.90%
Two Bedrooms23.30%
Three Bedrooms49.50%
Four Bedrooms18.20%
Five Bedrooms or more2.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1978
Median Value of occupied units$107,300
Median Price asked for vacant units$96,500

Rented Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1970
Median Monthly Rent asked for vacant units$394

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage11.30%
Home Equity Loan7%
Simple Mortgage55.40%
Debt Free26.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.9%