Land and home values in Norfolk city, Virginia
Norfolk city (metro core, Virginia Beach-Chesapeake-Norfolk, VA-NC) covers 53 square miles and 81 census tracts. Residential land is about $11.80 per sq ft at the county median, from $7.42 in its most rural tracts to $37.60 in its most valuable. The typical home is worth about $310,000 and a 2-bedroom rents for about $1,630 a month, as of October 12, 2026.
Open on the satellite mapAll of VirginiaCounty values
| Land: residential | $11.80 | per sq ft |
| Land: residential | $514,008 | per acre |
| Land: quarter-acre lot | $128,502 | 10,890 sq ft |
| Land: farmland | $6,300 | per acre |
| Home: typical (median) | $310,000 | value |
| Home: entry-level | $244,000 | lower quartile |
| Home: upper-end | $414,000 | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $1,440 | per month |
| Rent: 2-bedroom | $1,630 | per month |
| Rent: 3-bedroom | $2,260 | per month |
| Rent: 4-bedroom | $2,660 | per month |
| Gross yield, 2-bed | 6.3% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 5 | $37.50 | $614,000 | $1,660 |
| Upper | 10 | $28.60 | $464,000 | $1,660 |
| Mid | 28 | $13.40 | $334,000 | $1,650 |
| Entry | 34 | $9.87 | $267,000 | $1,600 |
| Rural | 4 | $10.60 | $307,000 | $1,530 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Freemason Harbour Condominiums | Subdivision | $39.10 | $427,000 |
| Ghent | Neighborhood | $38.00 | $591,000 |
| Pembroke Tower Apartments | Subdivision | $38.00 | $586,000 |
| Hague Park Apartments | Subdivision | $37.90 | $589,000 |
| John Knox Towers | Subdivision | $37.70 | $547,000 |
| Ghent | Neighborhood | $37.70 | $549,000 |
| Baldwin Manor | Subdivision | $36.60 | $549,000 |
| Princess Leigh Manor | Subdivision | $36.50 | $558,000 |
Questions people ask
How much is land worth in Norfolk city, VA?
Residential land in Norfolk city, VA is about $11.80 per square foot, or $514,008 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $128,502. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Norfolk city, VA?
The typical (median) home in Norfolk city, VA is worth about $310,000, with entry-level homes around $244,000 and upper-end homes around $414,000, as of October 2026.
How much is rent in Norfolk city, VA?
A 2-bedroom rents for about $1,630 a month in Norfolk city, VA, a 1-bedroom about $1,440 and a 3-bedroom about $2,260 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Norfolk city, VA?
Farmland averages about $6,300 an acre in Norfolk city, VA (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.