Norfolk, VA Real Estate

According to census data in the year 2000 there were 94,416 housing units in Norfolk. This represents a 4.4% decline from 98,762 in 1990.

Of those housing units, 94,416 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Norfolk is about 45.6%. Norfolk's vacancy rate, including seasonal lodging, is about 8.7%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Norfolk were built after 1959.


Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom17.60%
Two Bedrooms34.40%
Three Bedrooms31.60%
Four Bedrooms11.80%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1954
Median Value of occupied units$88,400
Median Price asked for vacant units$74,200

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1965
Median Monthly Rent asked for vacant units$424

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage10.60%
Home Equity Loan6.60%
Simple Mortgage54.40%
Debt Free28.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.1%