Property Prices in Norfolk, VA, United States

Index Info
Price to Income Ratio: 3.41
Mortgage as Percentage of Income: 30.14%
Loan Affordability Index: 3.32
Price to Rent Ratio - City Centre: 8.72
Price to Rent Ratio - Outside of Centre: 10.55
Gross Rental Yield (City Centre): 11.46%
Gross Rental Yield (Outside of Centre): 9.48%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $1,254.00 1,100.00-1,362.00
1 Bedroom Apartment Outside of City Centre $1,016.00 900.00-1,100.00
3 Bedroom Apartment in City Centre $2,343.00 1,879.00-2,700.00
3 Bedroom Apartment Outside of City Centre $1,706.33 1,400.00-2,200.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre $2,427.31 2,185.00-2,906.26
Price per Square Meter to Buy Apartment Outside of Centre $2,267.67 2,185.00-2,336.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $3,445.10
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.36 6.00-6.70

These data are based on 44 entries from 15 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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