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Norfolk Virginia Real Estate By Jennifer Hershey

Norfolk Virginia Real Estate

Norfolk, Virginia, is located in Norfolk City County, of , and 145 miles S of Washington, District of Columbia. Norfolk has a population of 234,403.

Norfolk Homes

Norfolk properties pool is 86,210 residential properties including Norfolk new homes. Median age of real estate in Norfolk is 1959. Average Household size is 3.07 people. 2% are one bedroom homes, 21% are 2 bedroom homes, 50% are 3 bedroom homes, 22% are 4 bedroom homes, and 4% are 5+ bedroom homes.

Norfolk Mortgage Statistics

Norfolk mortgages vs. USA median statistics

Homes Norfolk USA
Homes With No Mortgage 28%
30%
Homes With Mortgage 72%
70%
First Mortgage Only 55%
54%
First & Second Mortgage or HELOC 17%
16%

Norfolk Area Real Estate Tax

Norfolk Real estate Tax: Median Real Estate Taxes (2000) were $1,187 comparing to 1999 Median Family income $ 36,891. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Norfolk School District: Children make up 24% of Norfolk population. Norfolk has 56,352 under 18 years old residents, or 0.5 kids per one worker, or 0.65 kids per one household.

Norfolk Real Estate & Norfolk Homeownership

There are 25863 or 30% one person households, 26725.1 or 31% two person households, and 14655.7 or 17% three person households in Norfolk, Virginia. Median residents age is 29.6, Senior citizens (65+) make up 25,532 or 10.9%% of Norfolk population.

There are 112,083 workers (over 16 years of age) in Norfolk. Of these, 80.97% drive to work. Approximately 4.59% of workers in Norfolk take public transportation. An estimated 6.78% walk to work.

Median Norfolk homeowner's housing expences are 21.1%

Crime in Norfolk (2003), crimes per 10,000 residents per year

Type of Crime Norfolk USA, 2003
Violent Crimes
59
47.5
Robberies
30.59
14.2
Aggravated Assaults
23.04
29.5
Property Crimes
591.03
358.8
Burglaries
76.11
74.0
Larceny-Thefts
453.58
241.5
Motor Vehicle Thefts
61.35
43.3

Invest in Norfolk Properties

When making a decision about buying real estate in Norfolk Virginia area, you should consider following statistical data:

Category Norfolk USA
Near Medium City
-
Near Large City
Washington, District of Columbia
-
Norfolk Zip Codes
23502, 23503, 23504, 23505, 23507, 23508, 23509, 23510, 23511, 23513, 23517, 23518, 23519, 23520, 23521, 23523, 23529
-
Norfolk Area Codes
757
-
White population
48.36%
75.1%
African-American population
44.11%
12.3%
Asian
2.81%
3.6%
American Indian & Alaskan
0.46%
0.9%
Hispanic (of any race)
3.8%
12.5%
Median Family Income (1999)
$ 36,891%
$42,000
Population Below Poverty Level
17.43%
12.4%

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