Suffolk, VA Real Estate
According to census data in the year 2000 there were 24,704 housing units in Suffolk.
This represents a 23.5% growth from 20,011 in 1990.
Of those housing units, 17,555 were located in either urbanized areas or urban clusters, and 7,149 were located in what is classified as a rural area.
Homeownership rate in Suffolk is about 72.2%.
Suffolk's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Suffolk were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 5.90% |
| Two Bedrooms | 23.30% |
| Three Bedrooms | 49.50% |
| Four Bedrooms | 18.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $107,300 |
| Median Price asked for vacant units | $96,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $394 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 11.30% |
| Home Equity Loan | 7% |
| Simple Mortgage | 55.40% |
| Debt Free | 26.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.9% |
