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Suffolk city, VA

ZIP 23437 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23437

Median Home Value
$287,300
Median Rent
$866
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,846/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23437 in Suffolk city, VA, a household would need roughly $79,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,846. That is roughly in line with the local median household income ($74,513). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.3%+26% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
4.4%-70% vs US avg
x
Built Pre-1939
3.3%-75% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
12.6%-75% vs US avg
x
Mortgage-Free
29.1%-24% vs US avg
x
$287,300
Home Value
$866
Rent
1990
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached94.3%
  • 1-unit attached0.5%
  • 2-9 units0.6%
  • 10+ units0.0%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$287,300
Median rent$866
Owner-occupied82.3%
Vacant3.3%
Price-to-income3.9x
Est. income to buy$79,000