Norfolk, NY—13667
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Norfolk, NY
As of Oct '25, the median home price in Norfolk, NY is $119,000, with a year-over-year change of 0.9%. This indicates that home prices in Norfolk, NY are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $119,000 | 0.9% |
| Single Family | $119,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $97,000 | -3.0% |
3 Bed | $129,000 | 0.8% |
4 Bed | $133,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Norfolk, NY
Norfolk, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Norfolk, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Norfolk, NY is 68. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $147,000 | -23.0% |
Listing Count | 15 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 68 | -42.0% |
Demographics — Norfolk, NY
As of the latest ACS Survey released in 2023, Norfolk, NY has a population of 3,460, which has increased by 11.0% over the past 5 years. Norfolk, NY is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,460 | 11.0% |
% Under 18 | 22.1% | -19.3% |
% Seniors | 16.6% | 5.1% |
% WFH | 2.5% | ∞% |
% w/ College Degree | 11.8% | -43.0% |
As of the latest ACS Survey released in 2023, Norfolk, NY is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Norfolk, NY is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.2% of the population in Norfolk, NY, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.0% | -1.4% |
% Black | 0.1% | -95.0% |
% Hispanic | 0.9% | -59.1% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 1.2% | -66.7% |
Mortgage and Risk — Norfolk, NY
According to HUD data as of 2023, there were 29 mortgage originations in Norfolk, NY, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Norfolk, NY. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Norfolk, NY
Norfolk, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Norfolk, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $119,000 |
| Median Household Income | $57,100 |