Bartelles, Norfolk, VA—23509
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bartelles, Norfolk, VA
As of Oct '25, the median home price in Bartelles, Norfolk, VA is $276,000, with a year-over-year change of -0.0%. This indicates that home prices in Bartelles, Norfolk, VA are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | -0.0% |
| Single Family | $276,000 | 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 | $196,000 | -3.4% |
3 Bed | $267,000 | -0.4% |
4 Bed | $356,000 | 1.7% |
| 5 Bed | $505,000 | 1.8% |
% of Housing Stock
Rental Trends — Bartelles, Norfolk, VA
As of July '25, Rentcast reports the average rent in Bartelles, Norfolk, VA is $1,830, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Bartelles, Norfolk, VA is studios: $975, 1-bedrooms: $1,080, 2-bedrooms: $1,420, 3-bedrooms: $2,140, 4-bedrooms: $2,400. The most common rental property sizes in Bartelles, Norfolk, VA are 2-bedroom and 3-bedroom, accounting for 33.2% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,830 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | $995 | $1,080 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $2,250 | $2,140 |
| 4 Bed Rent | $2,550 | $2,400 |
% of Rental Stock
Property Listings — Bartelles, Norfolk, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bartelles, Norfolk, VA is 37. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | -3.0% |
Listing Count | 49 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 37 | 1.0% |
Demographics — Bartelles, Norfolk, VA
As of the latest ACS Survey released in 2023, Bartelles, Norfolk, VA has a population of 12,900, which has decreased by -5.6% over the past 5 years. Bartelles, Norfolk, VA is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,900 | -5.6% |
% Under 18 | 19.4% | -7.2% |
% Seniors | 16.5% | 17.0% |
% WFH | 7.8% | 239.1% |
% w/ College Degree | 28.7% | 14.8% |
As of the latest ACS Survey released in 2023, Bartelles, Norfolk, VA is a predominantly white area, with 44.3% of the population identifying as white. The white population has grown by 10.7% in the last 5 years. The second most common race or ethnicity in Bartelles, Norfolk, VA is black, making up 40.7% of the population. Foreign-born residents account for 5.7% of the population in Bartelles, Norfolk, VA, and this percentage has increased by 7.5% 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 | 44.3% | 10.7% |
% Black | 40.7% | -17.1% |
% Hispanic | 8.8% | 54.4% |
% Asian | 1.8% | -10.0% |
% Foreign Born | 5.7% | 7.5% |
Mortgage and Risk — Bartelles, Norfolk, VA
According to HUD data as of 2023, there were 356 mortgage originations in Bartelles, Norfolk, VA, of which 42.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 61.0% above 90% LTV (very high). This implies large mortgage risk in Bartelles, Norfolk, VA. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 356 |
% Conventional Loans | 42.0% |
% Government Loans | 58.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bartelles, Norfolk, VA
As of 2024, the percent of homes in Bartelles, Norfolk, VA under the Section 8 program is 20.2%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Bartelles, Norfolk, VA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 398 |
Total Units Section 8 | 388 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $385 | $995 | $1,380 |
| 2 Bedroom | $180 | $1,400 | $1,580 |
| 3 Bedroom | -$50 | $2,250 | $2,200 |
| 4 Bedroom | $70 | $2,550 | $2,620 |
Affordability — Bartelles, Norfolk, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $276,000 |
| Median Household Income | $70,700 |