The median home in Norfolk, Virginia is valued at $300,053, up 0.2% year over year. Typical monthly rent is $1,677, producing a price-to-rent ratio of 14.9x — below the national average of 18x. Norfolk is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$300,053
+0.2%
Rent$1,677/mo
AFFORDABILITYRenting $179/mo cheaper ($1,677 rent)6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.
Enter your income for Norfolk.
$60,011 on $300,053
Stretch — 29.7% of income
Above 28% but manageable with cuts.
PITI$1,856
P/I29.7%
Afford$283K
Gap-$17K
P&I $1,517Tax $205Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Virginia
Compare Norfolk with other housing markets across Virginia.
Full Virginia Beach-Norfolk-Newport News, VA-NC analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Virginia Beach-Norfolk-Newport News, VA-NC metro.
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