Churchland, Norfolk, VA—23517
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Churchland, Norfolk, VA
As of Oct '25, the median home price in Churchland, Norfolk, VA is $326,000, with a year-over-year change of 0.3%. This indicates that home prices in Churchland, Norfolk, VA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 0.3% |
| Single Family | $392,000 | -0.5% |
| Condos | $236,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -0.4% |
3 Bed | $395,000 | -0.3% |
4 Bed | $479,000 | -0.2% |
| 5 Bed | $652,000 | -0.2% |
% of Housing Stock
Rental Trends — Churchland, Norfolk, VA
As of July '25, Rentcast reports the average rent in Churchland, Norfolk, VA is $1,670, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Churchland, Norfolk, VA is 1-bedrooms: $1,380, 2-bedrooms: $1,650, 3-bedrooms: $2,190, 4-bedrooms: $1,880. The most common rental property sizes in Churchland, Norfolk, VA are 1-bedroom and 2-bedroom, accounting for 43.7% and 40.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,380 |
| 2 Bed Rent | $1,650 | $1,650 |
| 3 Bed Rent | $2,080 | $2,190 |
| 4 Bed Rent | $1,880 | $1,880 |
% of Rental Stock
Property Listings — Churchland, Norfolk, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Churchland, Norfolk, VA is 77. This is a increase of 58.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | -21.0% |
Listing Count | 11 | -6.0% |
| Listings as % of Homes | 0.2% | -6.0% |
Days on Market | 77 | 58.0% |
Demographics — Churchland, Norfolk, VA
As of the latest ACS Survey released in 2023, Churchland, Norfolk, VA has a population of 4,550, which has increased by 2.9% over the past 5 years. Churchland, Norfolk, VA is a less popular place for families, as children make up 8.1% of the population. The area has a highly educated workforce, with 55.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,550 | 2.9% |
% Under 18 | 8.1% | -17.3% |
% Seniors | 14.3% | 45.9% |
% WFH | 10.0% | 108.3% |
% w/ College Degree | 55.3% | 10.2% |
As of the latest ACS Survey released in 2023, Churchland, Norfolk, VA is a predominantly white area, with 61.8% of the population identifying as white. The white population has grown by 6.6% in the last 5 years. The second most common race or ethnicity in Churchland, Norfolk, VA is black, making up 21.2% of the population. Foreign-born residents account for 7.8% of the population in Churchland, Norfolk, VA, and this percentage has increased by 16.4% 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 | 61.8% | 6.6% |
% Black | 21.2% | -21.8% |
% Hispanic | 8.7% | 35.9% |
% Asian | 4.4% | -18.5% |
% Foreign Born | 7.8% | 16.4% |
Mortgage and Risk — Churchland, Norfolk, VA
According to HUD data as of 2023, there were 65 mortgage originations in Churchland, Norfolk, VA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Churchland, Norfolk, VA. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Churchland, Norfolk, VA
As of 2024, the percent of homes in Churchland, Norfolk, VA under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Churchland, 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 | 74 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,300 | $1,450 |
| 2 Bedroom | $10 | $1,650 | $1,660 |
| 3 Bedroom | $230 | $2,080 | $2,310 |
| 4 Bedroom | $870 | $1,880 | $2,750 |
Affordability — Churchland, Norfolk, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $326,000 |
| Median Household Income | $63,600 |