Norfolk city, VA Average Home Price (2026)
The average home price in Norfolk city, Virginia is about $318,000 (the 2026 median across 12 ZIP codes, at ~$215/sq ft) — 5% more affordable than the Virginia median and 10% more expensive than the typical U.S. home.
How Norfolk city compares
Norfolk city is about average for housing nationally: its typical home costs $318,000 against $336,500 for Virginia and $289,000 for the U.S. Within the county, ZIP-level values run from about $260,000 to $479,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Norfolk city | $318,000 | $215 |
| Virginia | $336,500 | $221 |
| United States | $289,000 | $193 |
Cities in Norfolk city
Cities with their own home-value page, largest first:
Norfolk city home prices by ZIP code
The 12 most valuable ZIP codes in Norfolk city (of 12 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 23507 Norfolk | $479,000 | $216 | +51% |
| 23508 Norfolk | $379,000 | $221 | +19% |
| 23518 Norfolk | $342,000 | $246 | +8% |
| 23510 Norfolk | $328,000 | $251 | +3% |
| 23505 Norfolk | $327,000 | $214 | +3% |
| 23517 Norfolk | $321,000 | $231 | +1% |
| 23503 Norfolk | $315,000 | $250 | -1% |
| 23502 Norfolk | $311,000 | $207 | -2% |
| 23509 Norfolk | $283,000 | $213 | -11% |
| 23513 Norfolk | $272,000 | $210 | -14% |
| 23504 Norfolk | $269,000 | $183 | -15% |
| 23523 Norfolk | $260,000 | $163 | -18% |
Home value appreciation in Norfolk city
Home prices in Norfolk city have risen about 70% over the last 10 years (≈5.4% a year) and +63.0% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +4.9% — still rising. A home worth $318,000 today was worth roughly $187,390 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Virginia is +74.6% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Norfolk city
Run the numbers for Norfolk city with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Norfolk city
To buy the typical $318,000 home in Norfolk city with 20% down, you need a household income of roughly $87,000 a year (about $2,020 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $103,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,900 | $2,510/mo | $108,000/yr |
| 10% (+PMI) | $31,800 | $2,400/mo | $103,000/yr |
| 20% | $63,600 | $2,020/mo | $87,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Norfolk city
At about $215 per square foot, here is roughly how much home different budgets get you in Norfolk city:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 700 sq ft | below the local median — condos, smaller or older homes |
| $200k | 930 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1160 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1400 sq ft | around the typical home here |
| $400k | 1860 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Virginia.
Estimate a specific home in Norfolk city
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Norfolk city home prices: frequently asked
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Browse all Virginia cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.