Norfolk City, Virginia home prices
Typical home $310,877 · +1.5% in a year · property tax 1%
The typical home in Norfolk City is worth $310,877, 25% less than the Virginia typical home ($412,252). Values changed +1.5% in the past year and +20.0% over five years. Homeowners here pay a median 1% of their home's value in property tax each year ($3,099 on the typical home), versus 0.71% statewide.
Mortgage on the typical Norfolk City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $62,175 | $248,702 | $1,673 | $0 | $414 | $2,087 | $89,400 |
| 10% down | $31,088 | $279,790 | $1,882 | $117 | $414 | $2,412 | $103,400 |
| 5% down | $15,544 | $295,333 | $1,987 | $123 | $414 | $2,523 | $108,100 |
| 3.5% down (FHA) | $10,881 | $305,246 | $2,053 | $137 | $414 | $2,605 | $111,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Virginia Beach metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Page County | $310,702 | +4.7% | 0.64% |
| Northampton County | $309,419 | +5.0% | 0.57% |
| Westmoreland County | $309,231 | -0.1% | 0.6% |
| Botetourt County | $314,985 | +4.5% | 0.64% |
| Dinwiddie County | $300,969 | +5.4% | 0.55% |
| King and Queen County | $299,161 | +5.6% | 0.52% |
| Essex County | $296,194 | +2.9% | 0.57% |
| Harrisonburg City | $327,726 | +3.0% | 0.76% |
| Waynesboro City | $293,551 | +2.0% | 0.67% |
| Newport News City | $291,426 | +2.8% | 1.01% |
Frequently asked questions
What is the average home price in Norfolk City, VA?
The typical home value in Norfolk City is $310,877 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Norfolk City?
About $89,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Norfolk City?
The median effective rate is 1% of home value a year (Census ACS 2024 5-year estimates).