2026 Affordability Data
Most Affordable Neighborhoods in Norfolk - 2026 Data
The median home value in Norfolk is $225,000, 20% below nat'l avg. Median rent is $1,625/month. With an affordability index of 104, Norfolk is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Norfolk, VA area.
Key Takeaways: Affordability in Norfolk
- 1The most affordable neighborhood in Norfolk is Pulaski, with a median home value of $137,400.
- 2Norfolk's median home value is $225,000, 20% below nat'l avg (national: $281,900).
- 3Norfolk's affordability index is 104 (baseline 100), making it more affordable than the national average.
- 4Median rent in Norfolk is $1,625/month, 40% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Norfolk to find the most affordable areas based on home values, rent, and affordability index.
Norfolk Affordability Overview
Median Home Value
$225,000
20% below nat'l avg
Median Rent
$1,625/mo
40% above nat'l avg
Median Income
$48,570
35% below nat'l avg
Affordability Index
104
4% above nat'l avg
Most Affordable Neighborhoods in Norfolk (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | PulaskiVA | $137,400 |
| 2 | PurcellvilleVA | $570,600 |
| 3 | ChesapeakeVA | $310,000 |
| 4 | RichmondVA | $280,000 |
| 5 | MartinsvilleVA | $82,800 |
| 6 | WarrentonVA | $421,000 |
| 7 | RoanokeVA | $162,000 |
| 8 | WilliamsburgVA | $385,600 |
| 9 | DanvilleVA | $102,000 |
| 10 | PortsmouthVA | $213,300 |
| 11 | HamptonVA | $219,800 |
| 12 | AlexandriaVA | $655,700 |
| 13 | PoquosonVA | $406,700 |
| 14 | LynchburgVA | $196,000 |
| 15 | Falls ChurchVA | $938,500 |
Detailed Neighborhood Profiles
Home Value: $137,400
Rent: $1,063/mo
Affordability: 137
Population: 8,982
Walk Score: 0/100
Home Value: $570,600
Rent: $1,063/mo
Affordability: 137
Population: 8,928
Walk Score: 0/100
Home Value: $310,000
Rent: $1,245/mo
Affordability: 128
Population: 249,422
Walk Score: 10/100
4
Home Value: $280,000
Rent: $1,566/mo
Affordability: 120
Population: 226,610
Walk Score: 91/100
5
Home Value: $82,800
Rent: $1,267/mo
Affordability: 98
Population: 13,539
Walk Score: 0/100
6
Home Value: $421,000
Rent: $1,267/mo
Affordability: 98
Population: 10,111
Walk Score: 0/100
7
Home Value: $162,000
Rent: $1,267/mo
Affordability: 98
Population: 99,213
Walk Score: 0/100
8
Home Value: $385,600
Rent: $1,267/mo
Affordability: 98
Population: 15,486
Walk Score: 0/100
9
Home Value: $102,000
Rent: $1,267/mo
Affordability: 98
Population: 42,507
Walk Score: 0/100
10
Home Value: $213,300
Rent: $1,267/mo
Affordability: 98
Population: 97,384
Walk Score: 0/100
11
Home Value: $219,800
Rent: $1,267/mo
Affordability: 98
Population: 137,217
Walk Score: 0/100
12
Home Value: $655,700
Rent: $1,267/mo
Affordability: 98
Population: 157,594
Walk Score: 0/100
13
Home Value: $406,700
Rent: $1,267/mo
Affordability: 98
Population: 12,479
Walk Score: 0/100
14
Home Value: $196,000
Rent: $1,267/mo
Affordability: 98
Population: 79,166
Walk Score: 0/100
15
Home Value: $938,500
Rent: $1,267/mo
Affordability: 98
Population: 14,576
Walk Score: 0/100
Frequently Asked Questions About Affordability in Norfolk
What is the most affordable neighborhood in Norfolk, VA?▾
Based on 2026 data, Pulaski is the most affordable neighborhood in Norfolk with a median home value of $137,400. Kurby analyzed 15 neighborhoods in the Norfolk area to compile these rankings.
What is the median home price in Norfolk, VA?▾
The median home price in Norfolk is $225,000, which is 20% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Norfolk affordable compared to the national average?▾
Norfolk has an affordability index of 104, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Norfolk, VA?▾
The median monthly rent in Norfolk is $1,625. This is 40% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Norfolk?▾
The median household income in Norfolk is $48,570 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Norfolk are below the national average home price?▾
8 out of 15 ranked neighborhoods in Norfolk have a median home value below the national average of $281,900. The most affordable is Pulaski at $137,400 (Source: Kurby, 2026).