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Norfolk, Virginia

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Data-driven estimates for Norfolk — with the methodology behind every number.

Norfolk market snapshot

Median Sale Price
$315K
Median Days on Market
56 days
Active Listings
60

RentCast market data · City of Norfolk County, Virginia

About Norfolk, Virginia

Norfolk (locally NOR-fək) is an independent city in the U.S. commonwealth of Virginia. It had a population of 238,005 at the 2020 census, making it the third-most populous city in Virginia and 100th-most populous city in the United States. The city holds a strategic position as the historical, urban, financial, and cultural center of the Hampton Roads metropolitan area (sometimes called "Tidewater"), which has more than 1.8 million inhabitants and is the 37th-largest metropolitan area in the U.S.

Norfolk was established in 1682 as a colonial seaport. Strategically located at the confluence of the Elizabeth River and Chesapeake Bay, it quickly developed into a major center for trade and shipbuilding. During the American Revolution and War of 1812, its port and naval facilities made it a critical military target. Norfolk's prominence grew in the 20th century with the expansion of the U.S. Navy, particularly through the establishment of Naval Station Norfolk in 1917, which remains the world's largest naval base.

Norfolk is an important contributor to the Port of Virginia and houses one of NATO's two Strategic Command headquarters. It is home to Maersk Line, Limited, which manages the world's largest fleet of US-flag vessels. The city has numerous cultural institutions including the Nauticus maritime museum, Chrysler Museum of Art, and Virginia Zoo. Norfolk has many miles of riverfront and bayfront areas, including beaches on the Chesapeake Bay.

Norfolk by the numbers

Population 235,037 · Median age 32.4 yrs · Census ACS 2023

Median household income

Norfolk's median household income of $64,017 compares to $90,974 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.

Median age (years)

The median age in Norfolk is 32.4 yrs, compared to 38.8 yrs for Virginia and 38.7 yrs nationally.

Gender split

Norfolk is 50.8% male and 49.3% female, per Census ACS estimates.

Population trend — Norfolk

Norfolk's population declined 3.9% from 2019 to 2023, per Census ACS 5-year estimates.

Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.

Virginia government

Source: Congress.gov, Wikidata. Federal legislators represent Virginia statewide or by congressional district.

Norfolk economy

Since Norfolk serves as the commercial and cultural center for the unusual geographical region of Hampton Roads (and in its political structure of independent cities), it can be difficult to separate the economic characteristics of Norfolk from that of the region as a whole. The waterways which almost completely surround the Hampton Roads region play an important part in the local economy. As a strategic location at the mouth of the Chesapeake Bay, its protected deep-water channels serve as a major trade artery for the import and export of goods from across the Mid-Atlantic, Mid-West, and internationally. In addition to commercial activities, Hampton Roads is a major military center, particularly for the United States Navy, and Norfolk serves as the home for Naval Station Norfolk, the world's largest naval installation. Located on Sewell's Point Peninsula, in the northwest corner of the city, the station is the headquarters of the United States Fleet Forces Command (formerly known as the Atlantic Fleet), which compromises over 62,000 active-duty personnel, 75 ships, and 132 aircraft. The base also serves as the headquarters to NATO's Allied Command Transformation.

Source: Wikipedia article on Norfolk under CC BY-SA 4.0.

Climate in Norfolk

Monthly climate — Norfolk

Source: NOAA Climate Data Online, 1991–2020 climate normals, station GHCND:USC00440385.

Norfolk real estate — frequently asked questions

What is the median home price in Norfolk?
The median home sale price in Norfolk, VA is $315,000, based on the most recent available sales data.
How long do homes stay on the market in Norfolk?
Homes in Norfolk sell in a median of 56 days.
What is the cost of living like in Norfolk?
Norfolk has a median household income of $64,017, per U.S. Census Bureau ACS estimates.
Who lives in Norfolk?
Norfolk has a population of 235,037 with a median age of 32.4 years, per U.S. Census Bureau ACS estimates.
How do I sell my home in Norfolk?
Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Norfolk market within 24 hours.

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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in Virginia. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.