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market report · 23518
Norfolk, VA · 23518
41 active listings$429,000 median ask$2,704 est. rent0.6% price/rent
$429,000
Median list price
$2,704/mo
Estimated rent
0.6%
Price / rent ratio
41
Listings
FHFA home price index · 2016–2025
66.9% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.46
Median rent / sqft
41 comps
$246.12
Median sold / sqft
41 comps
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Walkability
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Area unemployment
BLS LAUS
Median household income $77,594 · median home value $300,700 · ACS 2024.
Natural-hazard risk Relatively Low (FEMA NRI score 31).
9 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
3535 Kevin Dr, Norfolk, VA 23518
Norfolk, VA
$345,900$2,901/mo0.8%
6109 Grimes Ct, Norfolk, VA 23518
Norfolk, VA
$394,000$3,173/mo0.8%
9532 5th Bay St, Norfolk, VA 23518
Norfolk, VA
$199,900$1,596/mo0.8%
2246 E Ocean View Ave, Norfolk, VA 23518
Norfolk, VA
$249,900$1,959/mo0.8%
2232 Jeffrey Dr, Norfolk, VA 23518
Norfolk, VA
$375,000$2,897/mo0.8%
1905 McDowell Rd, Norfolk, VA 23518
Norfolk, VA
$365,000$2,759/mo0.8%