Median home value is about $226,900 — about 35% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,018 (about 12% below the U.S. median rent ($1,163)), and owner-occupancy near 55.0% (about 10.4 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 23513 in Norfolk, VA, a household would need roughly $62,000 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 $1,458. That is roughly in line with the local median household income ($66,875). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.