Suffolk, VA—23436
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Suffolk, VA
As of Oct '25, the median home price in Suffolk, VA is $513,000, with a year-over-year change of 3.4%. This indicates that home prices in Suffolk, VA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $513,000 | 3.4% |
| Single Family | $516,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $438,000 | 3.1% |
4 Bed | $636,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Suffolk, VA
As of July '25, Rentcast reports the average rent in Suffolk, VA is $2,800, with a year-over-year rent change of -20.0%. Per bedroom, the median rent as of July '25 in Suffolk, VA is 3-bedrooms: $2,800. No data is available on rental property size distribution in Suffolk, VA.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
No data available
Property Listings — Suffolk, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Suffolk, VA is 91. This is a increase of 56.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $807,000 | 47.0% |
Listing Count | 4 | -56.0% |
| Listings as % of Homes | 0.8% | -56.0% |
Days on Market | 91 | 56.0% |
Demographics — Suffolk, VA
As of the latest ACS Survey released in 2023, Suffolk, VA has a population of 873, which has decreased by -15.9% over the past 5 years. Suffolk, VA is a less popular place for families, as children make up 9.4% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 873 | -15.9% |
% Under 18 | 9.4% | -65.3% |
% Seniors | 24.9% | 26.4% |
% WFH | 5.9% | -10.6% |
% w/ College Degree | 39.5% | -3.2% |
As of the latest ACS Survey released in 2023, Suffolk, VA is a predominantly white area, with 47.0% of the population identifying as white. The white population has shrunk by 40.1% in the last 5 years. The second most common race or ethnicity in Suffolk, VA is black, making up 34.0% of the population. Foreign-born residents account for 12.0% of the population in Suffolk, VA, and this percentage has increased by 233.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.0% | -40.1% |
% Black | 34.0% | 85.8% |
% Hispanic | 8.7% | 625.0% |
% Asian | 1.6% | 300.0% |
% Foreign Born | 12.0% | 233.3% |
Mortgage and Risk — Suffolk, VA
Suffolk, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Suffolk, VA
Suffolk, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,410 |
| 2 Bedroom | N/A | N/A | $1,610 |
| 3 Bedroom | -$550 | $2,800 | $2,250 |
| 4 Bedroom | N/A | N/A | $2,670 |
Affordability — Suffolk, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $513,000 |
| Median Household Income | $195,000 |