Norfolk Airport Area, Norfolk, VA—23518
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$332,000
0.4% YoY Growth
Household Income
$73,900
35.3% YoY Growth
Days on Market
38
14.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$1,800
2.1% YoY Growth
1-Bed Rent
$1,200
11.5% YoY Growth
2-Bed Rent
$1,500
7.5% YoY Growth
3-Bed Rent
$2,200
3.0% YoY Growth
Home Price Trends — Norfolk Airport Area, Norfolk, VA
As of Nov '25, the median home price in Norfolk Airport Area, Norfolk, VA is $332,000, with a year-over-year change of 0.4%. This indicates that home prices in Norfolk Airport Area, Norfolk, VA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $332,000 | 0.4% |
| Single Family | $331,000 | 0.3% |
| Condos | $360,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |