Norfolk, VA Real Estate
According to census data in the year 2000 there were 94,416 housing units in Norfolk.
This represents a 4.4% decline from 98,762 in 1990.
Of those housing units, 94,416 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Norfolk is about 45.6%.
Norfolk's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Norfolk were built after 1959.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.56|
|Median year structure was built||1954|
|Median Value of occupied units||$88,400|
|Median Price asked for vacant units||$74,200|
Rented Homes, Apartments and Condos
|Average Household Size||2.35|
|Median year structure was built||1965|
|Median Monthly Rent asked for vacant units||$424|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||6.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.1%|