Property Prices in Norfolk, VA, United States
| Index |  |
|---|---|
| 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 Bedroom Apartment Outside of City Centre | $1,016.00 | |
| 3 Bedroom Apartment in City Centre | $2,343.00 | |
| 3 Bedroom Apartment Outside of City Centre | $1,706.33 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | $225.50 | |
| Price per Square Feet to Buy Apartment Outside of Centre | $210.67 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | $3,445.10 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.36 | |
These data are based on 44 entries from 15 contributors over the past 18 months.
Last update: 5 June 2026
Sources and References
Nearby Cities:| Property Prices in Virginia Beach, Virginia | 18.47 miles |
| Property Prices in Newport News, Virginia | 26.18 miles |
| Property Prices in Yorktown, Virginia | 35.85 miles |
| Property Prices in Richmond, Virginia | 95.77 miles |
| Property Prices in Wilson, North Carolina | 134.41 miles |
| Property Prices in Fredericksburg, Virginia | 144.03 miles |
| Property Prices in Wake Forest, North Carolina | 177.79 miles |
| Property Prices in Durham, North Carolina | 184.97 miles |
| Property Prices in Raleigh, North Carolina | 185.64 miles |
| Property Prices in Arlington, Virginia | 191.45 miles |
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