Suffolk, VA 23437 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Suffolk, VA—23437

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

0.6% YoY Growth

Household Income

$74,500

13.0% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,600

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,600

N/A

Other Zip Codes in Suffolk, VA

23433 23436 23432 23434 23435 23438

Home Price Trends — Suffolk, VA

As of Nov '25, the median home price in Suffolk, VA is $330,000, with a year-over-year change of 0.6%. This indicates that home prices in Suffolk, VA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$330,000	0.6%
Single Family	$331,000	0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Suffolk, VA

Suffolk, VA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,780
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,600	$1,780
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

5.2%

2 Bedrooms

22.7%

3 Bedrooms

69.3%

4 Bedrooms

2.7%

Property Listings — Suffolk, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Suffolk, VA is 68. This is a increase of 26.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$430,000	0.0%
Listing Count	20	-9.0%
Listings as % of Homes	1.1%	-9.0%
Days on Market	68	26.0%

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Demographics — Suffolk, VA

As of the latest ACS Survey released in 2023, Suffolk, VA has a population of 5,090, which has increased by 21.9% over the past 5 years. Suffolk, VA is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 21.6% 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	5,090	21.9%
% Under 18	20.3%	-3.8%
% Seniors	20.7%	-1.0%
% WFH	5.9%	145.8%
% w/ College Degree	21.6%	45.9%

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As of the latest ACS Survey released in 2023, Suffolk, VA is a predominantly white area, with 69.1% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Suffolk, VA is black, making up 26.4% of the population. Foreign-born residents account for 1.7% of the population in Suffolk, VA, and this percentage has increased by 750.0% 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	69.1%	-6.5%
% Black	26.4%	28.2%
% Hispanic	3.2%	52.4%
% Asian	0.2%	-50.0%
% Foreign Born	1.7%	750.0%

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Mortgage and Risk — Suffolk, VA

According to HUD data as of 2023, there were 93 mortgage originations in Suffolk, VA, of which 37.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Suffolk, VA. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	93
% Conventional Loans	37.0%
% Government Loans	63.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Suffolk, VA

Suffolk, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	5
% Rentals under Section 8	1.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,160
2 Bedroom	N/A	N/A	$1,350
3 Bedroom	$280	$1,600	$1,880
4 Bedroom	N/A	N/A	$2,280

Suffolk, VA—23437

Key Metrics at a Glance

Other Zip Codes in Suffolk, VA

Home Price Trends — Suffolk, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Suffolk, VA

% of Rental Stock

Property Listings — Suffolk, VA

Demographics — Suffolk, VA

Race and Ethnicity

Mortgage and Risk — Suffolk, VA

Mortgages

Rentals and Section 8 — Suffolk, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Suffolk, VA

Home Price to Income Ratio

Suffolk, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Carrsville, VA

Suffolk, VA

Gates, NC

Franklin, VA

Roduco, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$330,000
Median Household Income	$74,500

Suffolk, VA—23437

Key Metrics at a Glance

Other Zip Codes in Suffolk, VA

Home Price Trends — Suffolk, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Suffolk, VA

% of Rental Stock

Property Listings — Suffolk, VA

Demographics — Suffolk, VA

Race and Ethnicity

Mortgage and Risk — Suffolk, VA

Mortgages

Rentals and Section 8 — Suffolk, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Suffolk, VA

Home Price to Income Ratio

Suffolk, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Carrsville, VA

Suffolk, VA

Gates, NC

Franklin, VA

Roduco, NC

Frequently Asked Questions

What is the average home price in Suffolk, VA 23437?

How have home prices in Suffolk, VA 23437 changed over the past year?

What is the home price projection for Suffolk, VA 23437?

What are the demographics of Suffolk, VA 23437?

How long does it take homes to sell in Suffolk, VA 23437?

What is the average rent price in Suffolk, VA 23437?