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Norfolk North End, Norfolk, VA—23505

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$316,000
0.7% YoY Growth
Household Income
$55,700
19.5% YoY Growth
Days on Market
41
21.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$1,500
0.6% YoY Growth
1-Bed Rent
$1,040
18.1% YoY Growth
2-Bed Rent
$1,250
7.2% YoY Growth
3-Bed Rent
$2,100
12.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Norfolk North End, Norfolk, VA

As of Dec '25, the median home price in Norfolk North End, Norfolk, VA is $316,000, with a year-over-year change of 0.7%. This indicates that home prices in Norfolk North End, Norfolk, VA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$316,0000.7%
Single Family $323,0000.6%
Condos $186,000-1.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$203,0000.0%
    3 Bed
    		$297,0000.7%
    4 Bed
    		$394,0001.5%
    5 Bed $602,7710.7%
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    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    18.6%
    2 Bedrooms
    30.7%
    3 Bedrooms
    25.9%
    4 Bedrooms
    17.8%
    5+ Bedrooms
    3.7%

    Rental Trends — Norfolk North End, Norfolk, VA

    As of July '25, Rentcast reports the average rent in Norfolk North End, Norfolk, VA is $1,700, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Norfolk North End, Norfolk, VA is studios: $1,100, 1-bedrooms: $1,150, 2-bedrooms: $1,340, 3-bedrooms: $2,130, 4-bedrooms: $2,460. The most common rental property sizes in Norfolk North End, Norfolk, VA are 2-bedroom and 1-bedroom, accounting for 39.8% and 27.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,700
    Studio Rent $1,100$1,100
    1 Bed Rent $1,040$1,150
    2 Bed Rent $1,250$1,340
    3 Bed Rent $2,100$2,130
    4 Bed Rent $2,500$2,460
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    % of Rental Stock

    Studio
    4.5%
    1 Bedroom
    27.5%
    2 Bedrooms
    39.8%
    3 Bedrooms
    17.6%
    4 Bedrooms
    9.9%
    5+ Bedrooms
    0.8%

    Property Listings — Norfolk North End, Norfolk, VA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Norfolk North End, Norfolk, VA is 50. This is a increase of 27.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$315,000-2.0%
    Listing Count
    		546.0%
    Listings as % of Homes0.2%6.0%
    Days on Market
    		4121.0%
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    Demographics — Norfolk North End, Norfolk, VA

    As of the latest ACS Survey released in 2023, Norfolk North End, Norfolk, VA has a population of 29,000, which has decreased by -1.8% over the past 5 years. Norfolk North End, Norfolk, VA is a popular place for families, as children make up 26.2% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		29,000-1.8%
    % Under 18
    		26.2%11.0%
    % Seniors
    		11.7%0.9%
    % WFH
    		7.6%153.3%
    % w/ College Degree
    		31.6%-0.3%
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    As of the latest ACS Survey released in 2023, Norfolk North End, Norfolk, VA is a predominantly white area, with 44.2% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Norfolk North End, Norfolk, VA is black, making up 34.5% of the population. Foreign-born residents account for 9.3% of the population in Norfolk North End, Norfolk, VA, and this percentage has decreased by 17.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		44.2%-4.3%
    % Black
    		34.5%-0.3%
    % Hispanic
    		12.2%47.0%
    % Asian
    		4.0%-27.3%
    % Foreign Born
    		9.3%-17.7%
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    Mortgage and Risk — Norfolk North End, Norfolk, VA

    According to HUD data as of 2023, there were 423 mortgage originations in Norfolk North End, Norfolk, VA, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Norfolk North End, Norfolk, VA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		423
    % Conventional Loans
    		45.0%
    % Government Loans
    		55.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Norfolk North End, Norfolk, VA

    As of 2024, the percent of homes in Norfolk North End, Norfolk, VA under the Section 8 program is 15.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Norfolk North End, Norfolk, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		1,358
    Total Units Section 8
    		1,215
    % Rentals under Section 8
    		15.4%
    % Occupied Section 8
    		85.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$360$1,040$1,400
    2 Bedroom$350$1,250$1,600
    3 Bedroom$130$2,100$2,230
    4 Bedroom$150$2,500$2,650

    Affordability — Norfolk North End, Norfolk, VA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$316,000
    Median Household Income$55,700

    Norfolk North End, Norfolk, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Sussex

    23551

    Glenwood Park, VA

    23511

    Berkley, Norfolk, VA

    23508

    Chesapeake Central, Norfolk, VA

    23503

    Bartelles, Norfolk, VA

    23509

    Frequently Asked Questions