Housing in Norfolk, VA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$309,500
Median List Price
$319,900
Price Per Sq Ft
$199
Days on Market
42
Active Inventory
491
Months of Supply
2.5
Seller's market
Zillow Home Value
$300,053
ZHVI — January 2026
Zillow Rent Index
$1,677
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
36.7%
Off Market in 2 Weeks
39.1%
Sale-to-List Ratio
99.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
196
New Listings
251
Pending Sales
284
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$199
Median List $/SF
$214
Norfolk vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Norfolk is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$271,900
Median Rent
$1,246
Total Housing Units
102,542
Vacancy Rate
7.9%
Owner Occupied
45.7%
Renter Occupied
54.3%
Median Property Tax
$2,738
per year
Monthly Cost (w/ Mortgage)
$1,568
Housing Types
The current median sale price in Norfolk, VA is $309,500 according to Redfin data. Homes spend a median of 42 days on the market. 36.7% of homes sold above asking price. The market has 2.5 months of supply. The median price per square foot is $199. Zillow's observed rent index is $1,677/month. About 45.7% of housing units are owner-occupied. The median year homes were built is 1964. There are 102,542 total housing units.